In Problems 20-52: a. State the type; and (mathbf{b}). Answer the question. Major Magic Corporation deposits ($
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In Problems 20-52:
a. State the type; and \(\mathbf{b}\). Answer the question.
Major Magic Corporation deposits \(\$ 1,000\) at the end of each month into an account paying \(1.8 \%\) interest compounded monthly. What is the value of the account at the end of \(8 \frac{1}{3}\) years?
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