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14-03-2024
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Parents have setup an account in order to have $12,000 in 10 years for their child's college fund.
How much should be deposited quarterly into the account paying 4.5% compounded semiannually?
a. Future Value with compound interest
b. Present Value with compound interest
c. Future Value of an Annuity
d. Present Value of an Annuity
e. Sinking Fund
f. Amortization

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