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If you deposit $5,000 in an account that earns 5% per year (compounded monthly), what will the balance in the account be at the end

If you deposit $5,000 in an account that earns 5% per year (compounded monthly), what will the balance in the account be at the end of 5 years? $6,417 $1,283 $1,280 $6,272

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