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(Solved): Question 5 of 6 A payment of $6,000 was made into an account at the end of every 3 months for 12 yea ...



Question 5 of 6 A payment of

$6,000

was made into an account at the end of every 3 months for 12 years. a. If the interest rate for the first 6 years was

7.00%

compounded monthly, calculate the future value at the end of the first 6 years. Round to the nearest cent b. If the interest rate for the next 6 years was

5.00%

compounded annually, calculate the future value at the end of the 12 year term.



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