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You would like to contribute to a savings account over the next three years in...

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Accounting

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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 18%, compounded quarterly. How much will accumulate in three years by depositing $540 at the end 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, FVA of $1,PVA of $1, FVAD of $1 and PVAD of $1 )

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