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What will the balance of the account

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Question - Mary just deposited $2,000 in a savings account that earns interest of 1.8% p.a. with monthly compounding. After 10 years she plans to withdraw $2,000 from the account and to leave the remaining balance there for another 10 years. What will the balance of the account be after 20 years?

a. $866

b. $0

c. $472

d. $467

e. None of the other answers is correct

Reference no: EM132533603

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