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For two years ( 2 4 months ) you deposit $ 5 0 0 at the beginning of each month. After 2 - years you

For two years (24 months) you deposit $500 at the beginning of each month. After 2-years you have $13,000 in your account. If the bank compounds interest monthly, what annual interest rate will you have earned (multiply the monthly rate by 12 to get the annual rate)?
A.8.40%
B.8.82%
C.7.62%
D.8.00%

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