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At the end of each month, $500 is deposited into a savings account paying 2.7% interest compounded monthly. The balance after 14 years will
At the end of each month, $500 is deposited into a savings account paying 2.7% interest compounded monthly. The balance after 14 years will be $101,942.98. What is the amount of interest earned? The amount of interest earned is $ (Round to the nearest cent as needed.)
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