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You currently have $3000 in the bank and you intend to make annual deposits of $400 per year for the next three years. How much

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You currently have $3000 in the bank and you intend to make annual deposits of $400 per year for the next three years. How much will you have in the bank at the end of year 3 under each of the following assumptions: a) The interest rate is 12% per year compounded annually? b) The interest rate is 12% per year compounded quarterly? c) The interest rate is 12% per year compounded continuously

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