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An employee has $ 7 3 withheld from each monthly paycheck that is deposited in an account. The account earns 1 2 % interest annually,

An employee has $

73

withheld from each monthly paycheck that is deposited in an account. The account earns

12 %

interest annually, and the interest is compounded monthly. Assuming the employee makes deposits for one years, determine the total account balance on the date of the final deposit.

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