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A. Alan deposits $300.00 every month into an account earning 7% interest compounded monthly. How much will Alan have in the account in 22 years?

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A. Alan deposits $300.00 every month into an account earning 7% interest compounded monthly. How much will Alan have in the account in 22 years? mas rary Alan will have in the account in 22 years. B. Alternatively, Alan could make a single deposit into an account earning 7% compounded monthly for 22 years. How much would the lump sum deposit (single deposit) have to be in order to have saved the same amount of money in the account? Tutorials th Tutoring Alan would have to make a lump sum deposit of toring Hint

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