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Raj deposits 50 into a fund at the end of each month for 5 years. The fund pays interest at an annual effective rate of
Raj deposits 50 into a fund at the end of each month for 5 years. The fund pays interest at an annual effective rate of i. The total amount of interest earned during the last month of year 5 is 13. Calculate the accumulated amount in Raj's account at the end of year 5
A) 3325
B) 3350
C) 3375
D) 3400
E) 3425
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