Question: Based on the following information: You will save amount of money at the end of every three months The interest rate is 10% compounded quarterly,

Based on the following information:

  • You will save amount of money at the end of every three months
  • The interest rate is 10% compounded quarterly,
  • Your periodical savings will be accumulated to $475,000
  • over the period of 20 years

Calculate quarterly saving?

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