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A principal of $1000 is deposited at 4% for 10 years. What will be the compound interest if the interest is compounded monthly? O a.

A principal of $1000 is deposited at 4% for 10 years. What will be the compound interest if the interest is compounded monthly? O a. $490.83 O b. $491.79 c. $489.85 d. $488.86 e. $487.89

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