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Suppose you ve just deposited $1,00s in a bank account which earns an annual rate or return of 10% compounded monthly. How much will you

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Suppose you ve just deposited $1,00s in a bank account which earns an annual rate or return of 10% compounded monthly. How much will you have in the bank account after 7 years, if interest is compounded monthly? (Round up your answer to two decimal point)

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