Question: Brief Exercise 5-13 (Algo) Future value; annuity due [LO5-7] You would like to contribute to a savings account over the next three years in order

Brief Exercise 5-13 (Algo) Future value; annuity due [LO5-7] 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 16%, compounded quarterly. How much will accumulate in three years by depositing $520 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 S1. PV of \$1. EVA of \$1, PVA of \$1, EVAD of \$1 and PVAD of \$1)

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