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One university student wants to deposit $50.00 into an account its savings in each quarterly...

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Finance

One university student wants to deposit $50.00 into an account its savings in each quarterly period for 6 years. Rate interest is 8% per annum compounded quarterly. (i) What is the balance of his savings account 6 years from now? (ii) What is the total interest rate that the student will earn?

Please also show step-by-step and formula use because I am a slow learner.

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