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Find the amount accumulated in the increasing annuity of $2,000 deposited quarterly for 20 years at 8%/year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent. Select the correct answer.

$1,950,175.66

$193.77

$86,400.00

$487,543.92

$387,543.92

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Financial Management, Finance

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