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4. If you deposit $100 into a savings account at the end of each month for 5 years, how much will you have in the

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4. If you deposit $100 into a savings account at the end of each month for 5 years, how much will you have in the account after 5 years if the account earns 6% annual interest, compounded monthly? a. PMT Equation: Answer b. How much is the difference if you deposit the $100 into the account at the beginning of each month instead of at the end of the month? Equation

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