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What was the accumulated value of the fund

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Question - A company deposited $9,000 into an investment fund at the end of every quarter for 5 years. It stopped making deposits into the fund and allowed the investment to grow for 3 more years. The fund was growing at a rate of 5.00% 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 additional accumulated value of the fund in the last 3 years?

Reference no: EM133039407

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