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Use the appropriate compound interest formula to compute the balance in the account after the stated period of time $8,000 is invested for 12 years

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Use the appropriate compound interest formula to compute the balance in the account after the stated period of time $8,000 is invested for 12 years with an APR of 3.51% and monthly compounding. The balance in the account after 12 years is $. (Round to the nearest cent as needed.)

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