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7) Payments of $375 made every 3 months are accumulated at 3.75% compounded monthly. What is their amount after 8 years if the payments are

7) Payments of $375 made every 3 months are accumulated at 3.75% compounded monthly. What is their amount after 8 years if the payments are made 1. (a) at the end of every 3 months? 2. (b) at the beginning of every 3 months

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