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It is 223.86
Assuming you deposit the money on the first day of each year you will have 2,124 from the 1,400 you'd deposited earning a total of 724 interest
about $16
He should deposit 17017.82
>about $15 <
10795
It is 223.86
14.2067 years.
Assuming you deposit the money on the first day of each year you will have 2,124 from the 1,400 you'd deposited earning a total of 724 interest
$11,573.02 if you deposit at the beginning of the quarter or $11,444.27 if you deposit at the end of the quarter
about $16
>about $15 <
2500 * 1.06^3 = 2977.54
about $5
He should deposit 17017.82
bout $16
400*(1.06)25 = 1716.75