You would like to contribute to a savings account over the next three years in order to accumulate enough money to take a trip to Europe. Assume an interest rate of 16%, compounded quarterly. How much will accumulate in three years by depositing $760 at the end of each of the next 12 quarters? Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of $1,PV of $1,FVA of $1,PVA of $1, FVAD of $1 and PVAD of $1 ) FVA of $1 FVAD of $1 PV of $1 PVA of $1 PVAD of $1 FV of $1 FVA of $1 FVAD of $1 PV of $1
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