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While Steve was in graduate school, he deposited $110 at the end of each month for 7 years into an account paying 8% compounded monthly.
While Steve was in graduate school, he deposited $110 at the end of each month for 7 years into an account paying 8% compounded monthly. Once he started his first management job, he increased his contributions to $110 off of every bi-weekly paycheque. What will the balance in the account be after Steve has worked for 10 as a full-time manager?
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