If $ 650 is deposited at the end of each quarter into an account paying 11% compounded quarterly, how much money will be in that account after 6 years? Round your answer to two digits!

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A:

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Cash Outflow

The term "cash flow" basically means the flow of money in and out of business. The cash flow usually takes place from operational, investing, and financing activities. The cash flow normally denotes the amount of cash that is transferred either into the business as positive cash flows or out of business as expenses with regards to operating, investing, and financing activities.