What is the amount available after the last payment is made

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You are going to make payments of $100 each year for the next 15 years. For the first five years (1-5) the interest rate is 8% yearly. For years 6-10 the rate is 8% compounded quarterly. For years 11 – 15 the interest is 8% compounded monthly. What is the amount available after the last payment is made?

Reference no: EM13854770

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