Approximately how much must you pay into a high-interest bearing savings account with Federated Building Society at the end of each of the next 4 years in order to accumulate $15,000 at the end of the 4th year assuming that the savings account pays quarterly interest at a rate of 8% p.a

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Savings accounts pay quarterly Interest 8 pa no of compounding in a year m 4 r 8 or ... View the full answer