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Solve the future value at the end of the first - four years

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A payment of $10,000 was made into an account at the end of every 3 months for 12 years.

Problem a. If the interest rate for the first 4 years was 5.00% compounded monthly, calculate the future value at the end of the first 4 years.

Problem b. If the interest rate for the next 8 years was 6.00% compounded annually, calculate the future value at the end of the 12 year term.

Reference no: EM132707468

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