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Matt deposited $500 on January 1 of 2020. His savings is earning 6% at a compounding rate. Matt withdrew $100 on December 31 of 2020

Matt deposited $500 on January 1 of 2020. His savings is earning 6% at a compounding rate. Matt withdrew $100 on December 31 of 2020 and left the remaining amount in the account. What would be the account balance at the end of 5 years (on December 31 of the 2024)?

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