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1. Sarah has invested $10 000 in a savings account with a stated annual rate of 3% and monthly compounding. At the end of 16

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1. Sarah has invested $10 000 in a savings account with a stated annual rate of 3% and monthly compounding. At the end of 16 months how much will be in Sarah's account if she makes no deposits or withdrawals during that time? a) $10,025.00 b) $10,407.58 c) $15,961.02 d) $16,151.06

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