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Carol makes 12N deposits of 4 into a fund. The deposits are made at the beginning of each month for N years. The annual effective
Carol makes 12N deposits of 4 into a fund. The deposits are made at the beginning of each month for N years. The annual effective interest rate is 7.368%. The accumulated amount in the account after N years is X, which is five times the accumulated amount in the account after years. Calculate A 10,098 B) 10,158 C) 10,238 D) 10,298 E) 10,358
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