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An investor contributes $528.00 per quarter in an account that pays 5.28% APR with quarterly compounding. The first contribut

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Answer #1

Ans $ 11995.24

P = Periodic payments
r = rate of interest
n = no of years
Future Value of Annuity = P ( (1 + r)n - 1 ) / r
528* ((1 + 5.28%/4)^20 - 1) / (5.28%/4)
11995.24

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