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Suppose that $1,000 is placed in a bank account at the end of each month over the next 5 years. Determine the total accumulated value

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Suppose that $1,000 is placed in a bank account at the end of each month over the next 5 years. Determine the total accumulated value (future worth) at the end of the 5 years when the interest rate is: (a) 16% compounded annually; (b) 16% compounded quarterly; (c) 16% compounded monthly

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