Ann deposits 00 at the end of each month into her bank
savings account. The bank paid 6% nominal interest, com[pounded and
paid quarterly. No interest was paid on money not in the acount for
the full 3 month period. How much was in Ann’s account at the end
of 3 years?

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Question: Ann deposits $1000 at the end of each month into her bank savings account. The bank paid 6% nomin…
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