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You decide to deposit your money today in a bank account paying 6 . 3 0 % interest, compounded monthly. If the value of your

You decide to deposit your money today in a bank account paying 6.30% interest, compounded monthly. If the value of your savings grows to $3,800 in 10 years, how much did you deposit?
Answer
a.
$1,826
b.
$2,027
c.
$2,193
d.
$1,988
e.
$1,907

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