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Six years ago you invested $5000 into a new investment account that compounds monthly, and you made no further investments. If the balance today is
Six years ago you invested $5000 into a new investment account that compounds monthly, and you made no further investments. If the balance today is $14,605.79, what are the monthly periodic rate and APY?
Please show work/Financial calculator inputs (no excel input or "CF" calculator functions, please).
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