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A company deposited $6,500 into an investment fund at the beginning of every quarter for 5 years. It then stopped making deposits into the fund
A company deposited $6,500 into an investment fund at the beginning of every quarter for 5 years. It then stopped making deposits into the fund and allowed the investment to grow for 5 more years. The fund was growing at 5.25% compounded monthly. a. What was the accumulated value of the fund at the end of 5 years ? $0.00 Round to the nearest cent b. What was the accumulated value of the fund at the end of 10 years? $0.00 Round to the nearest cent c. What was the amount of interest earned over the 10-year period? $0.00 Round to the nearest cent
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