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 $ at the end of each quarter into an account earning compounded quarterly. Starting at the end of the fifth deposit, she increases each subsequent deposit by $a Determine the account balance after 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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