Monica has recently inherited $6300, which she wants to deposit into an IRA account. She...

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Finance

Monica has recently inherited $6300, which she wants to deposit into an IRA account. She has determined that her two best bets are an account that compounds semi-annually at an annual rate of 5.3%(Account 1) and an account that compounds monthly at an annual rate of 3.5%(Account 2).How much would Monica's balance be from Account 1 over 4.8 years? Round to two decimal places.

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