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If $5,000 is invested at 8% annual interest compounded monthly,what is the account balance after 5 years, assuming no additional deposits or withdrawals are made?
If $5,000 is invested at 8% annual interest compounded monthly,what is the account balance after 5 years, assuming no additional deposits or withdrawals are made?
- a.) $7,401.22
- b.) $7,346.64
- c.) $7,449.23
- d.) $7,429.74
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