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5. What is the future value in five years of $100 invested every year at 10% interest with monthly compounding? Assume each $100 payment is

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5. What is the future value in five years of $100 invested every year at 10% interest with monthly compounding? Assume each $100 payment is invested at the BEGINNING of the year (Example: the investment period begins January 1, 2005 with a $100 deposit and ends December 31, 2009)

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