Question: Solve the problems below. Be sure to show your work. If you use the formula, be sure to write it out a long with each

Solve the problems below. Be sure to show your work. If you use the formula, be sure to write it out a long with each step.

A. Starting today, Armando deposits $100 in a savings account at the beginning of each month. If the account earns 6% annually, what is the account value after 6 years?

B. Jamie deposits $10,000 in an account earning 3% interest, compounded quarterly. How much will the account balance be in 7 years?

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