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Finance Assignment | Professional Writing

Author:
June 9th, 2020

For the last 5 years Paul has made deposits of ​$108.00 at the end of every three months earning interest at 8 %compounded quarterly. If he leaves the accumulated balance for another 7 years at 6% compounded monthly, what will the balance be in the​account?

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The balance will be   ​$.

​(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as​ needed.)

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