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Aspects of a Case Study of a Deposit
You deposit $7000 in an account, paying 4.1% annual interest compounded monthly. How much will you have in your account in 20 years?
To answer this question, give it without any dollar signs or commas rounded to the nearest penny. Write the formula you will use (not the name, the actual formula). Show the values used in the formula and use the solver to get a result.