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When you deposit $2,000 quarterly, that pays interest at a rate of 5% compounded monthly. Find the balance at the end of year 3. a. Draw cash flow diagram b. Calculate the balance at the end of year

When you deposit $2,000 quarterly, that pays interest at a rate of 5%
compounded monthly. Find the balance at the end of year 3.
a. Draw cash flow diagram
b. Calculate the balance at the end of year 3

Jun 10 2021 View more View Less

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