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3. Joe spends $150 per month on cigarkttes. Suppose he quits smoking and invests that amount at the end of each month for 15 years.

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3. Joe spends $150 per month on cigarkttes. Suppose he quits smoking and invests that amount at the end of each month for 15 years. If the invested money earns an annual rate of 7.5% compounded monthly, how much will be in the account after 15 years? (4 marks)

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