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You deposit $3,000 at the end of every six months into an account that pays 11% interest compounded monthly . How much will be in
You deposit $3,000 at the end of every six months into an account that pays 11% interest compounded monthly. How much will be in the account after 5 years?
| A. | $ 45,252 | |
| B. | $ 38,858 | |
| C. | $ 48,044 | |
| D. | $ 35,278 | |
| E. | $ 42,668 | |
| F. | $ 37,011 |
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Financial Markets And Institutions
Authors: Jeff Madura
6th Edition
0324162618, 978-0324162615
