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QUESTION
Samuel deposited $5,050 in a savings account that pays an APR of 6.8% compounding monthly. Assuming that no withdrawals are made for four years, A.)
Samuel deposited $5,050 in a savings account that pays an APR of 6.8% compounding monthly. Assuming that no withdrawals are made for four years,
A.) How much will he have when he withdraws his money? Round to the nearest cent.
B.) How much will he earn in interest? Round to the nearest cent.
