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Algebra

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Moderate

Interest 10

ALGEBR-EZ05XU

Adrian wants to save money for his daughter's education. He deposits $\$$21000 in a savings account that offers 7% annual interest, compounded monthly.

How much money will he have at the end of 5 years?

A

$\$$30012.21

B

$\$$29877.78

C

$\$$29770.13

D

$\$$25899.22