ramirez8203 ramirez8203

26-03-2024
Mathematics

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You deposit $12,500 in an account that pays 9% interest compounded quarterly. How much will your investment be worth in 15.6 years? (At simple interest, it would be worth $30,000.)
a) $39,375
b) $42,829
c) $41,752
d) $44,213

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