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Brent has saved $ 3 , 0 0 0 toward his daughter's college education. He plans to keep this money in Great Start Community Bank.

Brent has saved $3,000 toward his daughter's college education. He plans to keep this money in Great Start Community Bank. The chart above displays the bank's current savings account rates. Use the compound interest calculator below to compute your answers to the following questions.
Note: You will use an online financial calculator to answer some questions in this competency. Round off your answers to two places to the right of the decimal point.
6a.Brent chooses to deposit $3,000 at Great Start Community Bank for one year in a regular savings account (also referred to as Regular Passbook Savings). The interest is compounded monthly. How much interest will he earn?

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