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Last summer you saved a substantial portion of your earnings and began this school year with $5.000 in the bank. On August 1. you deposited

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Last summer you saved a substantial portion of your earnings and began this school year with $5.000 in the bank. On August 1. you deposited the funds in an account that corns 35 interest and plan to withdraw a portion of the account balance each month that school is in session. you withdraw $500 each month from August - December, what will your account balance be on December 312 Assume all withdrawals and deposits of interest occur on the last day of each month. Round all computations to the nearest whole dollor. Balance at the Date Amount Balance at the beginning of the Interest earned withdrawn end of the month month August 31 $5.000 September 30 October 31 November 30 December 31

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