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Economics

You make a series of quarterly deposits every quarter starting at the end Quarter 1 and ending at the end of Quarter 30. The first deposit is $2,000, and each deposit increases by $100 each Quarter. The nominal annual interest rate is 8%, and is compounded continuously. What is the Future Value of these series of deposits at the end of Quarter 30?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91421888

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