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Compound Interest
Kashundra Jones plans to make a lump sum deposit so that she can withdraw $3,000 at the end of each quarter for 10 years. Find the lump sum if the money earns 10% per year compounded quarterly
75263.64
76345
76389
56897
Correct Answer:
75263.64
Explanation:
A=R[(1+i)^n-1]/i(1+i)^n
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