For the past 7 years, a quality manager has paid $500 every 6 months for the software maintenance contract on a laser-based measuring instrument. What is the equivalent amount after the last payment, if these funds are taken from a pool that has been returning 10% per year compounded quarterly?
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For the past 7 years, a quality manager has paid $500 every 6 months for the software maintenance contract on a laser-based measuring instrument. What is the equivalent amount after the last payment, if these funds are taken from a pool that has been returning 10% per year compounded quarterly?
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