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Business, 05.05.2020 17:36 BreBreDoeCCx

Jim deposits $6,000 into a money market account interest at an annual rate of 5.5% compounded continuously.
(a) Jim's average balance over one year is $ (Use an integer.)
(a) Suppose that at the end of the year the fund pays a bonus that is equal to 1.2% of the average balance. Jim will receive $ as a bonus. (Use an integer.)

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