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Your dad deposits $1,000 per month for 15 months in an account paying interest of 5.16% per year compounded monthly. The payments begin one month
Your dad deposits $1,000 per month for 15 months in an account paying interest of 5.16% per year compounded monthly. The payments begin one month from today. What is my accounts balance at the end of 45 months?
Please solve mathematically and provide excel functions.
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