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Miguel saved $130 at the end of every month for 5 years in her bank account that earned 4.50% compounded monthly. a. What is the
Miguel saved $130 at the end of every month for 5 years in her bank account that earned 4.50% compounded monthly.
a. What is the accumulated value of her savings at the end of the period?
a) $8,566.80
b)$8,728.92
c)$77,900.13
d)$928.92
b. What is the interest earned over the period?
a)$798.92
b)$8,728.92
c)$1,058.92
d)$928.92
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