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What is the future value of a $500/month deposit at the end of 3 years? Your first deposit occurs now (at time 0) and your last deposit is at the end of period 36. the interest rate is 12% compounded monthly. Note: since the interest is compounded monthly, you'll want to use months as the time period for the problem. The applicable interest rate for each month would therefore be 1%. Please show work thanks.

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Darryn D'Souza
Darryn D'SouzaLv10
28 Sep 2019

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