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( For questions 1 0 - 1 4 ) . Michael and Sasha want to create an emergency fund of $ 5 , 0 0

(

For questions

10 - 14) .

Michael and Sasha want to create an emergency fund of $

5, 000 .

They can start a savings account of $

5, 000

next month

(

June

2024)

that earns

4.5 %

annually.

10 .

How much will they have in one year, June

2025,

if the account compounds annually?

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