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Jill just opened a savings account with Santander Bank and deposited $2,000 into it. The account pays an annual nominal interest of 1%, but interest
Jill just opened a savings account with Santander Bank and deposited $2,000 into it. The account pays an annual nominal interest of 1%, but interest is compounded every month. If Jill does not make any future deposits or withdrawals, what will her account balance be after 5 years (ignore all service charges and taxes)?
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