Rick invests $7,174 in an account that earns an annual interest rate of 3%. What will be the balance of the account in 18 years if the interest is compounded monthly? A $7,572.00 B $173,668.18 C $12,302.34 D $1,486,333.60

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Q: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

A: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

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