Multiple Choice
You make 6 quarterly deposits starting at $135 and increasing at a constant rate of 4.5%. The interest rate is 8.4% compounded quarterly. What is the size of the last deposit?
A) $186.23
B) $168.23
C) $128.63
D) $135.00
E) $668.23
Correct Answer:
Verified
Correct Answer:
Verified
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