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Suppose a savings account earns 3% interest compounded monthly. After the first month $100.00 is deposited...

Suppose a savings account earns 3% interest compounded monthly. After the first month $100.00 is deposited into the account. Each subsequent month the deposit increases by 1%. Thus, in month 2, $101.00 is deposited, and in month 3, $102.01 is deposited. Find the account balance after 2 years if initially there is $400 in the account.

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