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Sanchez placed $660 into a five-year interest payout GIC at 4.2% compounded monthly. Calculate the interest payout amount every month. Select one: a. $2.31 b.

Sanchez placed $660 into a five-year interest payout GIC at 4.2% compounded monthly. Calculate the interest payout amount every month. Select one: a. $2.31 b. $6.27 c. none d. $23.10

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