3. Suppose that $1,000 is placed in a bank account at the end of each quarter over the next 10 years. Determine the total accumulated value (future worth) at the end of 10 years where the interest rate is 8% compounded quarterly.

3. Suppose that $1,000 is placed in a bank account at the end of each quarter over the next 10 years. Determine the total accumulated value (future worth) at the end of 10 years where the interest rate is 8% compounded quarterly.

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