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Compounded monthly for the last year

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You are thinking about saving $250 a month for the next two years and then increasing your savings to $500 a week for the following 2 years. Based on the Feds current interest rate projections you expect to earn 2.5% interest, compounded monthly for the first three years and 4.0% interest, compounded monthly for the last year. How much money will you have in your saving account at the end of the fourth year? Please show all work. If you use a financial calculator, please show the inputs.

Reference no: EM131064305

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