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Calculate the amount in the fund at the end

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Sean contributed equal deposits at the end of every month for 2 years into an investment fund. He then decided to stop making payments and left the money in the fund to grow for another 2 years. The fund was earning 4.05% compounded monthly for the entire period and the accumulated amount at the end of the term was $110,000.

a. Calculate the amount in the fund at the end of 2 years.

b. Calculate the size of the periodic deposits into the fund.

Reference no: EM132404410

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