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3) If $2000 is invested at an interest rate of 3.5% per year, compounded monthly, nd the value of the investment after 5 years. Do

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3) If $2000 is invested at an interest rate of 3.5% per year, compounded monthly, nd the value of the investment after 5 years. Do not just give the answer. Show the formula that you are using and show the formula set up with the numbers you are using before plugging everything into a calculator. (2 points)

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