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Matt is saving to buy a new motorcycle. If he deposits $50 at the end...

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Matt is saving to buy a new motorcycle. If he deposits $50 at the end of each month in an account that pays an annual interest rate of 5.5%, how much will he havein 30 months? Assume that the compounding is being done monthly.Matt will have $57 in 30 months.(Round to the nearest cent as needed.)

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