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The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate.Find how much money will be

The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate.Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned.

Principal: $ 3500

Rate:4.5%

Compounded: monthly

Time:5 years

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