How much will be in this man safety net fund

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Reference no: EM131308948

A man decides to save $1,500 at the beginning of every 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 4.5% interest compounded monthly. The first deposit will be made today. After five years, how much will be in this man’s safety net fund? Round your answer to the nearest dollar.

Reference no: EM131308948

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