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Question: A person deposits $10,000 in a savings account that earns an annual interest rate of 5%, compounded monthly. The interest is calculated and

Question: A person deposits $10,000 in a savings account that earns an annual interest rate of 5%, compounded monthly. The interest is calculated and added to the account balance at the end of each month. Assuming no additional deposits or withdrawals, calculate the final account balance after 5 years.

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