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Jessica Invested $10700 into an Account with an Interest Rate

Question 29

Multiple Choice

Jessica invested $10700 into an account with an interest rate of 4.7% per year compounded quarterly. How much money will be in the account after 1 month (rounded to the nearest hundredth) ?


A) $11202.90
B) $10825.73
C) $12857.91
D) $11211.83
E) $239453.30

Correct Answer:

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