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Mathematics, 18.03.2021 03:20 mat1413

You open your first interest-bearing savings account with an initial deposit of $3,500. Interest is compounded quarterly at a rate of 2.5%. Assuming you do not deposit any more money into the account, how much money will you have in the
account after 10 years?

A. $3,725.01

B. $4,490.59

C. $6,417.38

D. $39.557.20

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Answers: 2

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You open your first interest-bearing savings account with an initial deposit of $3,500. Interest is...

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