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Question - A company deposited $6,000 into an investment fund at the beginning of every quarter for 6 years. It then stopped making deposits into the fund and allowed the investment to grow for 3 more years. The fund was growing at 3.25% compounded monthly. (Question relates to Mathematics of Business and Finance).
a. What was the accumulated value of the fund at the end of 6 years?
b. What was the accumulated value of the fund at the end of 9 years?
c. What was the amount of interest earned over the 9-year period?
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