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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