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Assignment 2: Problem 1 Previous Problem Problem List Next Problem (1 point) Mel has a savings account that earns interest at 8% per annum. She

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Assignment 2: Problem 1 Previous Problem Problem List Next Problem (1 point) Mel has a savings account that earns interest at 8% per annum. She opened her account with $800 on December 31. How much interest will she earn during the first year if the interest is compounded monthly? Answer: $

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