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A worker deposits $ 8 5 0 at the end of each month for 3 years in an investment account with a guaranteed interest rate
A worker deposits $ at the end of each month for years in an investment account with a guaranteed interest rate of compounded monthly.
a Find the value in the account at the end of the years.
b A rival financial planner offers the worker an investment strategy of depositing $ a month for years with a guaranteed interest rate of compounded monthly. What is the value of this investment strategy at the end of years?
c How much more money is gained by investing in the better strategy described in part a or in part b
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