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12 Suppose you make equal quarterly deposits of $1,000 into a fund that pays interest a rate of 16% per year compounded monthly The balance

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12 Suppose you make equal quarterly deposits of $1,000 into a fund that pays interest a rate of 16% per year compounded monthly The balance at the end of year three is closest to? F=? 1 -16% Years A = $1000 $15070.5 AO None of them 521940.6 $190706D 512230.40

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