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Bank A offers an annual interest rate of 1 2 % and monthly compounding. If you invest $ 5 0 0 0 today, how much

Bank A offers an annual interest rate of

12 %

and monthly compounding. If you invest $

5000

today, how much money would you have at the end of the

50^{t h}

year?

1, 957, 916.99

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