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Question 18 1 pts Bellerose Equipment will deposit $1,000 per month into a bank account that pays 6% annual interest, with interest compounded monthly. When
Question 18 1 pts Bellerose Equipment will deposit $1,000 per month into a bank account that pays 6% annual interest, with interest compounded monthly. When Bellerose calculates the amount that they will accumulate by the end of five years, what should they use as the interest rate and number of periods? Rate -6%; Periods - 5 Rate - 0.5%; Periods = 5 Rate 6%: Periods - 60 Rate - 0.5%; Periods - 60
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