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If Bob and Judy combine their savings of $1700 and $700 respectively, and deposit this amount into an account that pays 2% annual interest compounded
If Bob and Judy combine their savings of $1700 and $700 respectively, and deposit this amount into an account that pays 2% annual interest compounded monthly, what will the account balance be after 11 years? The account balance in 11 years will be?
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