Question: Problems 105111 are based on material learned earlier in the course. The purpose of these problems is to keep the material fresh in your mind

Problems 105–111 are based on material learned earlier in the course. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for the final exam.

If $2500 is invested at 3% compounded monthly, find the amount that results after a period of 2 years.

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