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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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