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I need to know what exactly to type into the financial calculator!! If you deposit $1,000 in an account that earns 5% per year, compounded
I need to know what exactly to type into the financial calculator!!
If you deposit $1,000 in an account that earns 5% per year, compounded annually, you
will have $1,276 at the end of 5 years. What would be the balance in the account at the end of 5 years if interest compounds monthly?
Answer: $1283
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