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Suppose you receive $400 in graduation money. You decide to put it into an account paying 4%. If you deposit $160 into that same account
Suppose you receive $400 in graduation money. You decide to put it into an account paying 4%. If you deposit $160 into that same account every month for 5 years, how much money will you have at the end?
$9,600.00
$10,000.00
$11,096.24
$15,721.95
$18,909.98
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