At the beginning of every 3 months, $450 is deposited into a savings account for 15 years.
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At the beginning of every 3 months, $450 is deposited into a savings account for 15 years. The money remained in the account for another 5 years and earned an average of 3.45% compounded monthly during the 20-year period. Calculate the accumulated amount and the interest earned in the account.
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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