Question: 3Please fill in exactly the same way as this form You would like to contribute to a savings account over the next three years in

3Please fill in exactly the same way as this form3Please fill in exactly the same way as this form You wouldlike to contribute to a savings account over the next three years

You would like to contribute to a savings account over the next three years in order to accumulate enough money to take a trip to Europe. Assume an interest rate of 14%, compounded quarterly. How much will accumulate in three years by depositing $740 at the end of each of the next 12 quarters? Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 ) You would like to contribute to a savings account over the next three years in order to accumulate enough money to take a trip to Europe. Assume an interest rate of 24%, compounded quarterly. How much will accumulate in three years by depositing $600 at the beginning of each of the next 12 quarters? Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of $1, PV of $1, FVA of $1, PVA of $1. FVAD of $1 and PVAD of $1 )

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