Question: In March 2020, Yves decided to save for a new truck. He deposited $500 at the end of every three months in a bank account
In March 2020, Yves decided to save for a new truck. He deposited $500 at the end of every three months in a bank account earning interest at 5% compounded quarterly. He made his first deposit on June 1, 2020. On June 1, 2022, Yves decided that he needed the money to go to college, so on September 1, 2022, rather than making deposits, he started withdrawing $300 at the end of each quarter until December 1, 2023. How much is left in his account after the last with- drawal if his bank account interest rate changed to 6.5% compounded quarterly on March 1, 2023?
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