Galious555 Galious555

23-05-2023
Business

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A person deposits $500,000 at the end of each month for 1 year in an account that pays an annual rate of 10% compounded monthly. At the end of this period deposit $10,000,000 to his account, and if subsequently he does not make any more deposits, determine the value accumulated in the account, 18 months after having made the last deposit, maintaining the same rate.
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