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You will deposit $5,000 at the end of each of the next six years (first deposit will be made one year from today). The bank
You will deposit $5,000 at the end of each of the next six years (first deposit will be made one year from today). The bank account pays an interest rate of 9% p.a., compounded monthly. What will be the future value of these deposits at the end of year 6? A. 30,000.00 OB. 38,521.97 OC. 37,979.76 OD. 37,616.67
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