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7. (Periodic compounding) If $3,500 is invested at 4% interest compounded monthly, then how much...

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7. (Periodic compounding) If $3,500 is invested at 4% interest compounded monthly, then how much will be in the account in 5 years? Setup an equation and solve. Label your answer and round to two decimal places.P =r=k=t =S = ?

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