Suppose that 2000 is placed in a bank account at the end of


Suppose that $2,000 is placed in a bank account at the end of each quarter over the next 15 years with the first deposit made 3 month from today. What is the future worth at the end of 15 years when the interest rate is 6% per year compounded quarterly.

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Business Economics: Suppose that 2000 is placed in a bank account at the end of
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