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A mutual fund earns interest at 5% compounded monthly. An amount of $5400 is invested into the mutual fund and earned interest for ten years.

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A mutual fund earns interest at 5% compounded monthly. An amount of $5400 is invested into the mutual fund and earned interest for ten years. a. Find the balance of the account at the end of the period. b. How much interest is earned? c. What is the effective rate of interest

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