Question: A mechanical engineer deposits $ 3 , 0 0 0 at the end of each quarter into an account earning 6 % compounded quarterly. Starting

A mechanical engineer deposits $3,000 at the end of each quarter into an account earning 6% compounded quarterly. Starting at the end of the fifth deposit, she increases each subsequent deposit by $200.(a) Determine the account balance after 10 years. (b) If instead she waits until the end of each year to make four equal annual deposits that produce the same final balance, what should each annual deposit be?

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