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$5,000 is invested at a rate of 7% compounded monthly. Determine the final balance after 5 years.

$5,000 is invested at a rate of 7% compounded monthly. Determine the final balance after 5 years.
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$5,000 is invested at a rate of 7% compounded monthly. Determine the final balance after 5 years.

User Milenko
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1 Answer

2 votes

Answer:11,256

Explanation:

User Cane
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