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We deposit $100,000 in the bank at 5% interest, compounded monthly . After 10 years, how much can we withdraw from the bank account? A.

We deposit $100,000 in the bank at 5% interest, compounded monthly. After 10 years, how much can we withdraw from the bank account?

A. $162,889 B. $164,701 C. $164,362 D. $164,866

Need answer as well as computation (without plugging into calculator)

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