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You deposit $4,000 in the bank at the end of each year for 30 years. If the bank pays interest of 5.25% per annum, what
You deposit $4,000 in the bank at the end of each year for 30 years. If the bank pays interest of 5.25% per annum, what amount will you have accumulated if interest is compounded:
a. Annually
b. Semi-Annually
c. Quarterly
d. Monthly
e. Daily
Please show all your work and explain your answers.
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