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Mr. Smith deposits $5,000 into a savings account that pays 7% monthly capitalizable interest. After three years, he deposits $5,000. Two years after the $5,000
Mr. Smith deposits $5,000 into a savings account that pays 7% monthly capitalizable interest. After three years, he deposits $5,000. Two years after the $5,000 deposit, he makes another deposit for $6,000.
How much money will be in the account at the end of year 10?
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