Problem 1.3 Suppose you deposited the $1,000 in 4 payments of $250 each at Year 1, Year 2, Year 3, and Year 4. How much would you have in your account at Year 4, based on 8% monthly compounding?
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Problem 1.3 Suppose you deposited the $1,000 in 4 payments of $250 each at Year 1, Year 2, Year 3, and Year 4. How much would you have in your account at Year 4, based on 8% monthly compounding?
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Answer:
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