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Mathematics, 28.10.2020 14:00 lorie76

To ensure that funds are available to repay the principal at maturity, a borrower deposits $2000 each year for three years. If interest is 6% compounded quarterly, how much will the borrower have on deposit four years after the first deposit was made?

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To ensure that funds are available to repay the principal at maturity, a borrower deposits $2000 eac...
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