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You deposit $1,000 into an account at the end of each year for 30 years. Your account bears interest at 4% per year compounded annually.

You deposit $1,000 into an account at the end of each year for 30 years. Your account bears interest at 4% per year compounded annually. What is the value of your account at the end of 30 years. You must use the FV formula in Excel to solve this problem.

Also what happens if interest is compounded monthly?

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