(1 point) If you make quarterly deposits of $474.00 into an ordinary annuity earning an annual interest rate of 3.35%, how much will be in the account after 12 years? How much interest did you earn in those 12 years? How much is in the account after 12 years? $ How much interest was earned after 12 years? $
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Step 1: Calculate the number of periods Since you are making quarterly deposits, and there are 4 quarters in a year, the number of periods is 12 years * 4 quarters/year = 48 periods. Show more…
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