Question: 5 1 point $ 1 8 , 0 0 0 is being deposited at the end of each year into an account that pays nominal

5

1

point

18, 000

is being deposited at the end of each year into an account that pays nominal annual interest of

16 %

compounded monthly. How much is in the account

immediately after

6

deposits?

Note: You will need to use the interest formula to find the answer as there won't be an interest table corresponding to the interest rate ner comnounding nerind

5 1 point $18,000 is being deposited at the end of

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