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Suppose you make deposits of $250 at the end of every month for three years into an account earning 2.81% compounded monthly. After these three
Suppose you make deposits of $250 at the end of every month for three years into an account earning 2.81% compounded monthly. After these three years you leave the money in the account, without making additional deposits for another eleven years invested at the same interest rate of 2.81% compounded monthly. How much will you have in the account after the first three years? (Round to the nearest cent.) N=I/Y=PP/Y=C/Y= PV=$PMT=$FV=$ How much will you have in the account after the entire fourteen years? (Round to the nearest cent.) N=I/Y=%P/Y=C/Y= PV=$PMT=$FV=$
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