SOLUTION: JOE deposits $7250 at 3.5% interest monthly find the amount after 4 months?

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Question 1132509: JOE deposits $7250 at 3.5% interest monthly find the amount after 4 months?
Answer by Alan3354(69443) About Me  (Show Source):
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JOE deposits $7250 at 3.5% interest monthly find the amount after 4 months?
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Not clear.
Does he make a deposit each month?
Or is 3.25% interest per month?