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A person deposits $45 at the end of each month in an account which earns 12.5% compounded monthly for 29 years. The person then stops
A person deposits $45 at the end of each month in an account which earns 12.5% compounded monthly for 29 years. The person then stops making the deposits, but allows the money to remain in the bank earning the same interest for 15 more years. a. Find the value of this account at the end of 44 years. $ b. State the total amount of interest earned on this account.
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