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2. If you deposit $500 per month into an investment account that pays interest at a rate of 8% per month, compounded quarterly, how much

2. If you deposit $500 per month into an investment account that pays interest at a rate of 8% per month, compounded quarterly, how much will be in the account at the end of 5 years? There is no interperiod compounding. (for full credit show cash flow diagram)

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