Question: Jane Adele deposits $500 in an account at the beginning of each 3-month period for 9 years. If the account pays interest at the rate

Jane Adele deposits $500 in an account at the beginning of each 3-month period for 9 years. If the account pays interest at the rate of 8%, compounded quarterly, how much will she have in her account after 9 years?
(a) State whether the problem relates to an ordinary or an due, and then
(b) Solve the problem.

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