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A payment of $ 8 , 5 0 0 was made into an account at the end of every 3 months for 1 2 years.
A payment of $ was made into an account at the end of every months for years.
a If the interest rate for the first years was compounded monthly, calculate the future value at the end of the first years.
b If the interest rate for the next years was compounded annually, calculate the future value at the end of the year term
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