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QUESTION 4 The Ajax Co. just decided to save $1,500 a month for the next five years as a safety net for recessionary periods. The
QUESTION 4 The Ajax Co. just decided to save $1,500 a month for the next five years as a safety net for recessionary periods. The money will be set aside in a separate savings account which pays 3.25% interest compounded monthly. It deposits the first $1.500 today. How much would the company end up with, in this saving account, at the end of the 5 years? O 39.390.11 O 55,960.45 O 90,000 97,846.40 0 97,580.55
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