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please show all working out 8. Suppose Stephen deposits $100 every month into a savings account with an annual interest rate of 3% compounded monthly.

please show all working out

8. Suppose Stephen deposits $100 every month into a savings account with an annual interest rate of 3% compounded monthly.

(a) How much money will Stephen have in the account at the end of 10 years?

(b) How much of this amount is interest accrued over the 10 year period?

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