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29. Suppose that $25,000 is invested in an account where the annual interest rate is compounded monthly. a) How much money will be in the

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29. Suppose that $25,000 is invested in an account where the annual interest rate is compounded monthly. a) How much money will be in the account after 10 years if the annual interest rate is 1.4%? b) How long will it take for the account to reach a balance of $30,000 if the annual interest rate is 1.4%? Round your answer to two decimal places. c) What annual interest rate would be required for the account to reach a balance of $30,000 in 10 years? Write your answer as a percent rounded to two decimal places

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