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You have $25,000 in an account earning 6% compounded monthly. What is the value of the account after 2 years? Round to the nearest cent. Do not put a comma or the 5 sign in your answer.

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Answer:

Suppose that $5000 is deposited in a saving account at the rate of 6% per year. Find the total amount on deposit at the end of 4 years if the interest is: ... the following table shows the compound interest that results as the number of ... rate of 6% compounded continuously, they are really paying you more than 6%.

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