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Solve. -Lonnie Deposits $150 Each Month into an Account Paying Annual

Question 231

Multiple Choice

Solve.
-Lonnie deposits $150 each month into an account paying annual interest of 7% compounded monthly.How much will his account have in it at the end of 14 years?


A) $42,606
B) $3,383
C) $42,452
D) $42,735

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