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Leroy opened a savings account and deposited $200.00. The account earns 14% interest, compounded monthly. If he wants to use the money to buy a

Leroy opened a savings account and deposited $200.00. The account earns 14% interest, compounded monthly. If he wants to use the money to buy a new bicycle in 2 years, how much will he be able to spend on the bike?

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