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QUESTION
Assuming an 4.25% rate of return, compounded quarterly, how much interest would a person earn in a savings plan that has quarterly payments of $115
Assuming an 4.25% rate of return, compounded quarterly, how much interest would a person earn in a savings plan that has quarterly payments of $115 at the end of each quarter for 10 years?
about $5,694.96
about $4,600
about $332.42
about $1,094.96
