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How much is in this account after years

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Reference no: EM13146694

You open a savings account to save for a new house. Every month you put $100 into a savings account which pays 5% interest compounded monthly. At the end of each year you receive a $500 bonus which you place directly into your “house fund”. How much is in this account after 5 years?

Reference no: EM13146694

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