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The Ajax Co. just decided to save $1,500 a month

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The Ajax Co. just decided to save $1,500 a month for the next five
years as a safety net for recessionary periods. The money will be set aside in a separate savings account which pays 3.25% interest compounded monthly. It deposits the first $1,500 today. What is the value of this investment in 5 years?

 
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