Question: Susan decided to start saving for a special occasion. She opens a new savings account that offers an annual interest rate of 4%. The interest
Susan decided to start saving for a special occasion. She opens a new savings account that offers an annual interest rate of 4%. The interest is compounded semi-annually. Susan decides to deposit $1,000 at the end of every quarter.What are the r, C, M, K for this question?If she maintains this routine for 3 years, how much will she have in her account at the end of year 3?
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