MATH

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DANIEL HAS A MONEY MARKET ACCOUNT WITH %1,200. THE BANK OFFERED HIM A SPECIAL RATE OF 5.25% PER MONTH. HOW MUCH MONEY WILL DANIEL HAVE AFTER THE FIRST MONTH?

  • MATH -

    If he has $1,200 in the account >>

    1,200 * 1.0525 = ?

  • MATH -

    1,263

  • MATH -

    Right. $1,263

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