A man makes an initial deposit of $1000.Every three months thereafter his deposits are $50 lower than the previous deposit.If j₄ = 10%,how much has he accumulated at the time of the 16^th deposit? (Answer to the nearest dollar)

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The Answer of A man makes an initial deposit of $1000.Every three months thereafter his deposits are $50 lower than the previous deposit.If j₄ = 10%,how much has he accumulated at the time of the 16^th deposit? (Answer to the nearest dollar)

A Man Makes an Initial Deposit of $1000