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What was the accumulated value of fund at the end of year

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Question - Alicia deposited $14,500 into a fund at the beginning of every quarter for 17 years. He then stopped making deposits into the fund and allowed the investment to grow for 5 more years. The fund was growing at 2.46% compounded monthly.

Required -

a. What was the accumulated value of the fund at the end of year 17?

b. What was the accumulated value of the fund at the end of year 22?

Reference no: EM133066170

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