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A small telecommunications company invested its 2010 net income of $539,900 in asavings account for...

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Basic Math

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A small telecommunications company invested its 2010 net income of $539,900 in asavings account for 5 years and 1 months. Money was earning interest at a rate of6.50% compounded monthly.a. Calculate the amount it would have in this account at the end of the period.b. Calculate the interest earned.

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