Please show your work! A payment of $7,500 was made into an account at...
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Finance
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A payment of $7,500 was made into an account at the end of every 3 months for 12 years. a. If the interest rate for the first 3 years was 6.00% compounded monthly, calculate the future value at the end of the first 3 years. Round to the nearest cent b. If the interest rate for the next 9 years was 4.00% compounded annually, calculate the future value at the end of the 12 year term. Round to the nearest cent
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