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2. (25 points) You and your best mate want to save together. Suppose you can afford to save $500 per month and your best mate

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2. (25 points) You and your best mate want to save together. Suppose you can afford to save $500 per month and your best mate can afford to save $700 per month. If both of you were to combine your money each month for deposit, at 5.07% compounded monthly for 30 years, how much will be in the account? How much interest will be accumulated

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