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(3 points) (a) How much money would have to be deposited now at 3.6% interest compounded monthly to accumulate to $5000 in 12 years Answer:

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(3 points) (a) How much money would have to be deposited now at 3.6% interest compounded monthly to accumulate to $5000 in 12 years Answer: $ (b) How much of the $5000 would be interest? Answer:$ (c) Prepare a table showing the growth of the account for the first 3 months. Month Interest Balance

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