Calculate the accumulated interest

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A principle of $5000 is invested at 7.5% compounded monthly for 7 years.

a.) Calculate the accumulated interest at end of each year.

b.) Draw a graph to show the accumulated interest.

c.) Use the graph to determine when the accumulated interest is $250.

Please show your answers for each part of the question in full detail and explain. Really need this help and I appreciate it!

Reference no: EM131086925

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