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A company deposited $9,000 into an investment fund at the end of every quarter for 6 years. It stopped making deposits into the fund and
A company deposited $9,000 into an investment fund at the end of every quarter for 6 years. It stopped making deposits into the fund and allowed the investment to grow for 4 more years. The fund was growing at a rate of 6.00% compounded monthly.
a. What was the accumulated value of the fund at the end of 6 years?
Round to the nearest cent
b. What was the additional accumulated value of the fund in the last 4 years?
y. a.
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