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Find the value of $25,000 at the end of one year if it is invested in an account that has an interest rate of 5.40%
Find the value of $25,000 at the end of one year if it is invested in an account that has an interest rate of 5.40% and is compounded in accordance with the rules below. a. compounded monthly b. compounded daily (assuming a 365-day year) c. compounded quarterly a. What is the value if the money is compounded monthly? $ (Do not round until the final answer. Then round to the nearest cent as needed.)
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