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The treasurer of ABC Imports expects to invest $3,000 of the firm's funds in a long-term investment vehicle at the end of each month for

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The treasurer of ABC Imports expects to invest $3,000 of the firm's funds in a long-term investment vehicle at the end of each month for the next 5 years. He expects that the company will earn 6% interest that will compound monthly. The value that these payments should have at the end of the 5-year period is calculated as

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