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Ali saved $280 at the end of every month for 3 years in his bank account that earned 5.20% compounded monthly. a. What is the
Ali saved $280 at the end of every month for 3 years in his bank account that earned 5.20% compounded monthly.
a.What is the accumulated value of his savings at the end of the period?
$10,557.57
$10,883.32
$139,788.34
$803.32
b.What is the interest earned over the period?
$523.32
$10,883.32
$1,083.32
$803.32
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