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What is the value of account after months

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Reference no: EM132508822

Question 1: You invest $10 000 in a savings account that pays interest of 8% compounded monthly. What is the value of your account after 14 months?

Option A) $10 970.88

Option B) $10 904.88

Option C) $10 074.88

Option D) $10 004.88

Option E) $10 974.88

Reference no: EM132508822

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