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Your small firm has $105,000 in cash on hand and decides to put in a savings account at 3.7% interest. How much will you have

Your small firm has $105,000 in cash on hand and decides to put in a savings account at 3.7% interest. How much will you have in your account in 20 years under the following compounded periods? (please show your calculations)

a) Compounded monthly

b) Compounded quarterly

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