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Liam opened a savings account and deposited 4,000.00 as principal. The account earns 8% interest, compounded monthly. What is the balance after 7 years?five more than a number is at most eleventhe sum of a number and twelve is four2 is decreased by a number.Find the time required for an investment of 16 000 to grow to 21 000 at an annual interest rate of 6% if the interest is compounded yearly.