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A small telecommunications company invested its 2010 net income of $595,700 in a savings account for 5 years and 4 months. Money was earning interest

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A small telecommunications company invested its 2010 net income of $595,700 in a savings account for 5 years and 4 months. Money was earning interest at a rate of 6.75% compounded monthly. a. Calculate the amount it would have in this account at the end of the period. Question 4 of 6 What nominal interest rate compounded monthly is equivalent to 3.75% compounded quarterly

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