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Today, Jan. 1, 2023, Nick starts an investment account and this account guarantees an interest rate of 6%, compounded monthly. To start, he first transfers his $3,000 saving into this account so the account balance is $3,000 on Jan. 1, 2023 (t= month 0 ). In addition, he will continue to add money to this account through two ways for totally 5 years. First, at the end of each month, he will deposit $500 from his earnings to this account. First $500 will be deposited on Jan. 31,2023 (t=1) and last deposit of $500 will be made on Dec. 31,2027 (t=60), totally 60 monthly deposits ( $500 each). Second, his grandparents will transfer $3,000 to this account once every 6 months. First transfer will be made on June 30,2023 (t=6) and last transfer will be made on Dec. 31,2027(t=60), totally 10 transfer payments ($3,000 each). end of each month. The fee for the first month (deducted on Jan. 31, 2023) will be $10 and this fee is going to increase by $1 per month thereafter. Therefore, the management fee for the last month of the 5-year period (Dec. 31 2027) will be $69. Find how much will be accumulated at the end of Dec. 31,2027? $66,397 $76,034 $73,383 $79,801 $70,732

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