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If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment be worth in 1
If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment be worth in 1 month (value at the end of the first month, round to the nearest dollar)?
What will the investment be worth in 12 month (value at the end of the first year, round to the nearest dollar)?
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