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You deposit $4000 in an account earning 4% interest compounded monthly. How much will you have in the account in 15 years? (Note: Use n
You deposit $4000 in an account earning 4% interest compounded monthly. How much will you have in the account in 15 years? (Note: Use n = 12 for monthly compounding, n = 4 for quarterly compounding, n = 2 for semiannual compounding, and n = 1 for annual compounding.)
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