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Anthony puts $12,000 dollars into a saving account that pays interest every month at a rate of 1.6% per year. How much money does Anthony

Anthony puts $12,000 dollars into a saving account that pays interest every month at a rate of 1.6% per year. How much money does Anthony have after one month? If he leaves his original investment and the first month of interest in the account, how much he will have after the second month?

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