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Your friend deposits $7500 in an investment account that earns 8.1% annual interest. Find the balance after 6 years when the interest is compounded monthly.a)

Your friend deposits $7500 in an investment account that earns 8.1% annual interest. Find the balance after 6 years when the interest is compounded monthly.a) $12,193.50b) $12,134.44c) $11,967.83d) $12,173.61

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