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Suppose that $7,400 is invested at 5% annual interest rate, compounded monthly. How much money will be in the account in (A) 10 months? (B)

Suppose that $7,400 is invested at 5% annual interest rate, compounded monthly. How much money will be in the account in (A) 10 months? (B) 16 years? (A) Amount after 10 months: $ (Round to the nearest cent.)

Finance. Suppose that $7,400 is invested at 5% annual interest rate, compounded monthly. How much money will be in the account in (A) 10 months? (B)16 years? (A) Amount after 10 months: $ (Round to the nearest cent.)

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