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Suppose that you opened a savings account on January 1st, 2006, and made a deposit of $100. On January 1st, 2007, you began depositing $10

Suppose that you opened a savings account on January 1st, 2006, and made a deposit of $100. On January 1st, 2007, you began depositing $10 into the account at the end of each month. If the bank pays 6% interest compounded monthly, how much money will be in the account on January 1st, 2011? Round to two decimal places.

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