What is the value of F obt? 
Definitions:
Compounded Monthly
The process of calculating interest on both the initial principal and the accumulated interest from previous periods, applied on a monthly basis.
Check Register
A record of all checks written, deposits made, and balances in a checking account, used for managing finances.
Bank Statement
A summary of financial transactions that have occurred over a given period on a bank account.
Outstanding Checks
Checks that do not appear on the bank statement.
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