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Please answer this as soon as possible Question 6 of 7 A payment of $6,500 was made into an account at the end of every
Please answer this as soon as possible
Question 6 of 7 A payment of $6,500 was made into an account at the end of every 3 months for 12 years. a. If the interest rate for the first 6 years was 5.00% compounded monthly, calculate the future value at the end of the first 6 years. $0.00 Round to the nearest cent b. If the interest rate for the next 6 years was 3.00% compounded annually, calculate the future value at the end of the 12 year term. Round to the nearest cent NextStep by Step Solution
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