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Determine the accumulated value after 13 years of deposits of $215.00 made at the beginning of every three months and earning interest at 4%, with the payment and compounding intervals the same. The accumulated value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Determine the accumulated value after 13 years of deposits of $215.00 made at the beginning of every three months and earning interest at 4%, with the payment and compounding intervals the same. The accumulated value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Determine the accumulated value after 13 years of deposits of $215.00 made at the beginning of every three months and earning interest at 4%, with the payment and compounding intervals the same. The accumulated value is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Transcribed Image Text:Determine the accumulated value after 13 years of deposits of $215.00 made at the beginning of every three months and earning interest at 4%, with the payment and compounding intervals the same. The accumulated value is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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