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You deposit a single amount of $50,000 in a savings account that pays 9.6% annual interest (compounded monthly). How much will you have at the

You deposit a single amount of $50,000 in a savings account that pays 9.6% annual interest (compounded monthly). How much will you have at the end of three and one-half years?

a. $64,281 b. $69,873 c. $72,664 d. $75,050

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