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Assuming an 3.85% rate of return, compounded quarterly, how much interest would a person earn in a savings plan that has quarterly payments of $75 at...
Assuming an 3.85% rate of return, compounded quarterly, how much interest would a person earn in a savings plan that has quarterly payments of $75 at the end of each quarter for 10 years?
about $638.27
about $195.55
about $3,000
about $3,638.27