You would like to contribute to a savings account over the next three years in...
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Accounting
You would like to contribute to a savings account over the next three years in order to accumulate enough money to take a trip to Europe. Assume an interest rate of 10%, compounded quarterly. How much will accumulate in three years by depositing $700 at the beginning of each of the next 12 quarters? Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of $1, PV of $1. EVA of $1. PVA of \$1. EVAD of \$1 and PVAD of \$1)
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