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John has invested $40,000 in an investment account that will pay him 8% (APR) over the next 15 years with monthly compounded interest. How much

John has invested $40,000 in an investment account that will pay him 8% (APR) over the next 15 years with monthly compounded interest. How much will he have in his account after 15 years assuming all interest is reinvested?

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