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The company X decided to apply its monthly profits by making a savings for 3 years at a banking institution that offers nominal annual fee
The company X decided to apply its monthly profits by making a savings for 3 years at a banking institution that offers nominal annual fee of 4.8% and compound interest with capitalizations bimonthly. Assuming that X starts saving on January 1 with delivery of the first deposit, calculate the amount they will have at the end of 3 years if they deposit 1100 and in odd months (January, March, May, July, September and November) and deposit 2500 e in the remaining months.
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