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A small telecommunications company invested its 2010 net income of $629,500 in a savings account for 5 years and 8 months. Money was earning interest

A small telecommunications company invested its 2010 net income of $629,500 in a savings account for 5 years and 8 months. Money was earning interest at a rate of 6.15% compounded monthly.

a. Calculate the amount it would have in this account at the end of the period?

b. Calculate the interest earned?

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