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Use the compound interest formula for compounding more than once a year to determine the accumulated...

Use the compound interest formula for compounding more than once a year to determine the accumulated balance after the stated period.

49) $2500 deposit at an APR of7.5% with monthly compounding for 7 years

A ) $4219.25  B) $2611.45 C) $3375.40  D) $74,802.06

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