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A client intends to place a $2,500 lump sum amount into a savings account that earns 5% interest, compounded monthly. If the lump sum is

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A client intends to place a $2,500 lump sum amount into a savings account that earns 5% interest, compounded monthly. If the lump sum is left to accumulate, how much will be in the account in the future, at the end of 4 years? O $3,052.24 O $2,056.76 O $2,541.93 O $3,038.77

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