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A bank offers an investment account with an annual interest rate of 1.52% compounded monthly. John invests $4100 into the account for 5 years. Answer
A bank offers an investment account with an annual interest rate of 1.52% compounded monthly. John invests $4100 into the account for 5 years. Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. X s ?. (a) Assuming no withdrawals are made, how much money is in John's account after 5 years? $ (b) How much interest is earned on John's investment after 5 years? $
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