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An account was established 11 years ago with an initial deposit. Today the account is credited with annual interest of $662. The interest rate is

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An account was established 11 years ago with an initial deposit. Today the account is credited with annual interest of $662. The interest rate is 7.0% compounded annually. No other deposits or withdrawals have been made. How much is the end- of-day balance? $9,204 $10,119 $12,250 $13,475

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