Suppose that $1,500 is placed in a bank account at the end of each quarter over the
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Suppose that $1,500 is placed in a bank account at the end of each quarter over the next 20 years. What is the account’s future worth at the end of 20 years when the interest rate is 8% compounded
(a) Semiannually?
(b) Monthly?
(c) Continuously?
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