document.write( "Question 1155521: If $7000 is invested at an interest rate of 3.75% per year, find the amount (to the nearest cents) of the investment at the end of 5 years compounding monthly. \r
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Algebra.Com's Answer #778117 by josgarithmetic(39617)\"\" \"About 
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MONTHLY interest rate is \"0.0375%2F12=0.003125\".\r
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\n" ); document.write( "\n" ); document.write( "QUANTITY of compounding periods is \"5%2A12=60\".\r
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\n" ); document.write( "\n" ); document.write( "The ending balance, \"7000%2A1.003125%5E60\"\"dollars\".
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