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Jack White just deposited $30,000 in a bank account that pays interest at a rate of 3.6% APR, compounded monthly. Jack also plans to contribute
Jack White just deposited $30,000 in a bank account that pays interest at a rate of 3.6% APR, compounded monthly. Jack also plans to contribute another $30,000 to the account six months from now and another $60,000 to the account one year from now. How much will be in the account 18 months from now?
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