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Ahmad will start depositing a sum of $1,000 each month in a bank account starting from the next month with a rate of 8% per year compounded quarterly, the total amount of money after 3 years will be closest to: $55,915 40 $40,525 30 $36,000 20 $40,235.10 suppose your age now is 19 years and your father has set up a trust fund for you that will pay you $150,000 when you turn 30. assume the interest ate is 9% , how much is this fund worth today. $58130.4( ) $58930.3 _) $58330.2() $58230.10 DHUIL-Q 13 ASThe effective annual interest rate when the interest rate is 12% per year compounded semiannually would be closest to 11.90% 4 12% 30 12.36% 20 11.56%.10 18 13 ... MacBook Air