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Bram Johnson Invests $500 at the End of Each Quarter

Question 101

Multiple Choice

Bram Johnson invests $500 at the end of each quarter for 10 years. The account earns 12% interest annually. What is the value of the account at the end of 10 years?


A) $37,700
B) $37,700.60
C) $37,000
D) $3,700
E) None of these

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