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Mathematics
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OpenStudy (anonymous):
a) Calculate the final amount of a 20-year long-term savings plan if a payment of $2000 is made at the end of every year. Interest is 8.5% compounded quarterly. b) What happens to the final value of the long-term savings plan if a payment is made at the beginning of every year instead of at the end of every year? GRADE 11 (Use TVM solver)
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