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A bank offers an investment account with an annual interest rate of 1.39 % compounded monthly. Christine invests $3800 into the account for 5 years.
A bank offers an investment account with an annual interest rate of 1.39 % compounded monthly. Christine invests $3800 into the account for 5 years. Assuming no withdrawals are made, how much money is in Christine's account after 5 years? how much interest earned after 5 years?
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