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Suppose an investor deposits $28,000 into an account for which interest is compounded monthly. Find the amount of money in the account after 6
Suppose an investor deposits $28,000 into an account for which interest is compounded monthly. Find the amount of money in the account after 6 years using the following interest rates. 1. If r3.5%, then the investment is worth 2. If r5.5%, then the investment is worth 3. If r7%, then the investment is worth 4. If r=9%, then the investment is worth Round your answers to the nearest cent. after 6 years. after 6 years. after 6 years. after 6 years. Use a dollar sign to indicate that your answer is a monetary value.
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