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You have just received a promotion at work and will start to receive an extra $300 per month after tax. You decide to put this

You have just received a promotion at work and will start to receive an extra $300 per month after tax. You decide to put this into a tax-free savings account that pays interest at 4.5% p.a. compounded monthly. If this is for 7 years, how much will you have saved in your account?

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