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You Deposit $100 Every Three Months for the Next 50

Question 46

Multiple Choice

You deposit $100 every three months for the next 50 years,first deposit made today.If the interest rate is j4 = 10%,how much do you have three months after your last deposit?


A) $582,417
B) $568,212
C) $568,112
D) $554,256

Correct Answer:

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