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If $1000 is invested at a rate of 7% per year compounded monthly, find the principal after (a) 1 month (b) 6 months (c) 1
If $1000 is invested at a rate of 7% per year compounded monthly, find the principal after
(a) 1 month
(b) 6 months
(c) 1 year
(d) 20 years
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