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a. A deposit of $550 is made in a savings account that pays an annual interest rate of 1% compounded monthly. What is the balance

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a. A deposit of $550 is made in a savings account that pays an annual interest rate of 1% compounded monthly. What is the balance after 11 years? Answer b. How large a deposit, at 5% interest compounded continuously, must be made to obtain a balance of $10,000 in 15 years? C. A deposit earns interest at a rate of percent compounded continuously and doubles in value Climb Rate Themen

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