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Today you make a single deposit in your savings account of $1966. The bank's interest rate is 10% APR, compounded monthly. How much money will

Today you make a single deposit in your savings account of $1966. The bank's interest rate is 10% APR, compounded monthly. How much money will you have in 3 years?

Enter your answer in dollars, rounded to the nearest cent.

The answer is 2650.53. I just need an explanation and how to work it. Preferably, in EXCEL if possible.

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