Question 1148922
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It works as a combination of two separate accounts:


    - one account is fixed principal of $110000 earning 3.5% compounded quarterly during 25 years, and


    - the second account is a classic Ordinary Annuity plan with the regular quarterly deposits of $2000 
      compounded quarterly at 3.5% annual percent rate.



For the first account, the formula and the final asset are

    Future value F1 = {{{110000*(1+0.035/4)^(25*4)}}} = $262873.89


For the second account, the formula and the final asset are

    Future value F2 = {{{P*(((1+r)^n-1)/r)}}} = {{{2000*(((1+0.035/4)^(4*25)-1)/((0.035/4)))}}} = $317660.04.


Now the answer is the sum  F1 + F2 = $262873.89 + $317660.04 = $580533.93.
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Solved.