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Danielle made deposits of $11,000 into a fund at the beginning of each quarter for the past 7 years. She then left the money to
Danielle made deposits of $11,000 into a fund at the beginning of each quarter for the past 7 years. She then left the money to accumulate in the fund for another 4 years. The fund grows at 3.50% compounded monthly. a. What was the accumulated value of the fund at the end of 7 years? $0.00 Round to the nearest cent b. What was the accumulated value of the fund at the end of 11 years? $0.00 Round to the nearest cent c. What was the amount of interest earned over the 11-year period? Round to the nearest cent Danielle made deposits of $11,000 into a fund at the beginning of each quarter for the past 7 years. She then left the money to accumulate in the fund for another 4 years. The fund grows at 3.50% compounded monthly. a. What was the accumulated value of the fund at the end of 7 years? $0.00 Round to the nearest cent b. What was the accumulated value of the fund at the end of 11 years? $0.00 Round to the nearest cent c. What was the amount of interest earned over the 11-year period? Round to the nearest cent
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