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QUESTION
Use the appropriate compound interest formula to compute the balance in the account after the stated period of time$8,000 is invested for 17 years with an APR of 3.55% and monthly compounding.Questi
Use the appropriate compound interest formula to compute the balance in the account after the stated period of time$8,000 is invested for 17 years with an APR of 3.55% and monthly compounding.Question content area bottomPart 1The balance in the account after 17 years is $enter your response here.(Round to the nearest cent as needed.)
