Question: You deposited $ 2 5 0 , 0 0 0 today in an account that pays an annual rate of 1 0 percent interest. You

You deposited $250,000 today in an account that pays an annual rate of 10 percent interest. You plan to withdraw $250,000 from this account at the end of the 10th year. You will make no additional deposits or withdrawals from this account. How much will be left in your account at the end of the 20th year? Assume that the interest is compounded quarterly.

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