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The sum of $40,000 is deposited in a bank account that pays 2% interest. How much money will be in that account after 5 years

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The sum of $40,000 is deposited in a bank account that pays 2% interest. How much money will be in that account after 5 years if interest is compounded monthly? How much money will be in that account after 5 years if interest is compounded continuously

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