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You invest $10 000 at 5% interest rate compounded monthly, what is your accumulated interest at the end of year 2? Options: $511.62 $537.79 $1

You invest $10 000 at 5% interest rate compounded monthly, what is your accumulated interest at the end of year 2? Options: $511.62 $537.79 $1 025.00 $1 049.41 $1 089.41

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