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1. Amrita has just received a $5,000 inheritance from her grandmother. She invests the money in her bank's money market account which earns 4.5% stated

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1. Amrita has just received a $5,000 inheritance from her grandmother. She invests the money in her bank's money market account which earns 4.5% stated annual interest (APR) compounded monthly. a. After one year, what will be the total value in Amrita's money market account? (0.3 pts) b. Six months after investing her inheritance, Amrita's car breaks down and needs $2500 in repairs. She decides to withdraw the money from her inheritance account to pay for the repairs. How much money will she have at the end of the year? (0.7 pts)

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