Cutie68361 Cutie68361

10-04-2024
Business

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Chuck deposits $2000 into a bank account that compounds monthly at an annual interest rate of 6%. Assuming there are no other transactions, what will the balance be after 4 years, in dollars?
a) $2243.26
b) $2257.79
c) $2265.32
d) $2289.04

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