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You deposit $10 at the end of each month for five years in an account paying 6% compounded monthly. What will be the balance in

  1. You deposit $10 at the end of each month for five years in an account paying 6% compounded monthly.
    1. What will be the balance in your account at the end of the five-year term? $697.70
    2. How much of the balance will you have contributed? $600

How much is interest? $97.70

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