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47. Josh has a savings account at a bank that charges a $12 fee for every month that his balance falls below $1,000. His account

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47. Josh has a savings account at a bank that charges a $12 fee for every month that his balance falls below $1,000. His account has a balance of $1,452.12 and he withdraws $600. What will his balance be in six months if he makes no deposits nor withdrawals? A. $754.23 B. $852.00 C. $840.00 D. $780.12 48. Find the interest earned on a $20,000 deposit for a year at 3.5% interest, compounded continuously. A. $20,712.39 B. $712.39 C. $70.00 D. $2,070.00 49. Find the ending balance if the original balance was $425.32 and the following transactions occurred over the space of a week: wrote a check, $16; paycheck deposit, $235.21; check deposit, $30; ATM, $20; wrote a check, $63.45; deposit, $30; maintenance fee, $11; interest, $0.32. A $609.76 B. $610.40 C. $650.08 D. $649.76 50. Sophia deposits $250 into her account every month. Her account pays 3.5% interest, compounded monthly. How much will she have in 20 years? A. $60,000.00 B. $28,789.45 C. $86,717.32 D. $78,213.21

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