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Melanie made deposits of $9,000 into a fund at the beginning of each quarter for the past 5 years. She then left the money to accumulate in the fund for another 4 years. The fund grows at 5.25% compounded monthly.
a. What was the accumulated value of the fund at the end of 5 years? Round to the nearest cent
b. What was the accumulated value of the fund at the end of 9 years? Round to the nearest cent
c. What was the amount of interest earned over the 9-year period? Round to the nearest cent
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