desalvojonathan6275 desalvojonathan6275
  • 19-02-2024
  • Mathematics
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James and Terry open a savings account with a 2.75% annual interest rate, compounded monthly. They deposit $500 into the account each month. How much will be in the account after 10 years? Round your answer to the nearest dollar.
a. $64,503
b. $66,218
c. $68,002
d. $70,104

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