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5) Monkey Ltd plans on saving money to buy some new equipment. The company is opening an account today with a deposit of $20,000 and

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5) Monkey Ltd plans on saving money to buy some new equipment. The company is opening an account today with a deposit of $20,000 and expects to earn 5% interest. After 4 years, the firm wants to add an additional $40,000 to the account. If the account continues to earn 5%, hov much money will Monkey Ltd. have in their account seven years from now? Not to be posted or answered on CHEGG

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