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Suppose that you deposit $723 in a savings account at Prosperity Bank at the end of each of the next 16 months. You plan to leave these contributions and any interest earned in the account until 16 months are up. The interest rate is 3.4% per month.

What is the future value of your account at the end of the holding period?

Do not round at intermediate steps in your calculation. Round your final answer to the nearest penny. Do not type the $ symbol.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92843164

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