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24 March, 02:54

Sarah wants to have $10,000 in 6 years. She plans to invest $1,200 to start and make yearly payments of $1,200 to the account at the beginning of each year. She will be receiving 5.6% interest compounded quarterly on her investment. Will she reach her goal?

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  1. 24 March, 03:18
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    Yes Sarah will reach her goal she'll have 10,414.58 by the end of the 6 years,
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