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Raymond saved $230 at the end of every month for 5 years in her bank account that earned 2.40% compounded monthly. a. What is the

Raymond saved $230 at the end of every month for 5 years in her bank account that earned 2.40% compounded monthly.

a. What is the accumulated value of her savings at the end of the period?

$14,387.82

$14,646.60

$244,387.82

$846.60

b. What is the interest earned over the period?

$616.60

$14,646.60

$1,076.60

$846.60

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