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Exercise 2 . 7 : I invest money in a savings account that pays a nominal interest of 6 % p . a . compounded

Exercise 2.7: I invest money in a savings account that pays a nominal interest of 6% p.a. compounded monthly. I open the account with a deposit of $1000 and then deposit $50 at the end of each month for a period of two years followed by a monthly deposit of $100 for the following 3 years. What will be the value of my savings account at the end of the five-year period?
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