Linda has joined a Christmas Fund Club at her bank. At the end of every month, december through october inclusive, she will deposit of $40 in her fund. If the money earns at the rate of 7% year compound monthly, how much will she havein her account on december 1 of the following year?
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Linda has joined a Christmas Fund Club at her bank.
At the end of every month, december through october inclusive, she will deposit of $40 in her fund.
If the money earns at the rate of 7% year compound monthly, how much will she havein her account on december 1 of the following year?
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