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1.Rita has received a gift of $15 000 from her Grandma and she plans to put this in a 6 year term deposit on which

1.Rita has received a gift of $15 000 from her Grandma and she plans to put this in a 6 year term deposit on which she will receive a 8% interest compounded monthly. What amount will she have after 6 years if she makes this investment?

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