When samantha was born her parents set up an account to, Ask an Expert

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When Samantha was born, her parents set up an account to save for her college fund. They decided to make payments of $250 quarterly for 18 years into the account,t which pays 7.2% interest compounded monthly. The first payment is made one quarter from now. What will be the balance in the account at the end of 18 years?

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Financial Management, Finance

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