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Suppose you just deposited $1,340 in a bank account which gives an annual rate of return of 7% but compounded monthly. How much will you

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Suppose you just deposited $1,340 in a bank account which gives an annual rate of return of 7% but compounded monthly. How much will you have in your bank account after 6 years, if interest is compounded monthly? (Round up your answer to two decimal point)

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