jerielcarrascal
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1. A GROUP OF COLLEGE STUDENT'S DECIDE TO INVEST THE MONEY THEY EARNED FROM THE FUND-RAISING PROJECT.AFTER 6 MONTHS FROM TODAY, THEY WANT TO WITHDRAW FROM THIS FUND 10,000.00 QUARTERLY FOR 1 YEAR TO FUND FOR COMMUNITY SERVICE.HOW MUCH IS THE PRESENT TOTAL DEPOSIT IF THE INTEREST RATE 4% CONVERTED QUARTERLY?
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1. A GROUP OF COLLEGE STUDENT'S DECIDE TO INVEST THE MONEY THEY EARNED FROM THE FUND-RAISING PROJECT.AFTER 6 MONTHS FROM TODAY, THEY WANT TO WITHDRAW FROM THIS FUND 10,000.00 QUARTERLY FOR 1 YEAR TO FUND FOR COMMUNITY SERVICE.HOW MUCH IS THE PRESENT TOTAL DEPOSIT IF THE INTEREST RATE 4% CONVERTED QUARTERLY?