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Your parents have just opened a savings account for you. Starting today, they plan to make monthly deposits of $200 for the next 10 years


Your parents have just opened a savings account for you. Starting today, they plan to make monthly deposits of $200 for the next 10 years (120 deposits) into the account. Assume the account earns 0.5% interest per month. What will be the value of your saving account after 10 years? 

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