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1 January, 17:36

A savings account with an initial deposit of $10,000 has an annual interest rate of 3.2%. The interest on the account is compounded monthly. What is the

balance of the account, to the nearest cent, after 6 years?

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Answers (1)
  1. 1 January, 21:00
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    account balance will be $12113.9 and the interest is $2113.9.
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