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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 $30,000 and
5) Monkey Ltd plans on saving money to buy some new equipment. The company is opening an account today with a deposit of $30,000 and expects to earn 9% interest. After 6 years, the firm wants to add an additional $60,000 to the account. If the account continues to earn 9%, how much money will Monkey Ltd. have in their account eleven years from now? Not to be posted or answered on CHEGG
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