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You will deposit $600 at the end of each month for the next 20 years. The nominal interest rate is 12% per annum compounded monthly.

You will deposit $600 at the end of each month for the next 20 years. The nominal interest rate is 12% per annum compounded monthly. To help you, your parents will deposit a bonus of $1100 into your savings account at the end of every 5 years, in additional to your deposits in part a). Calculate the future value of your savings immediately after the last deposit.

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