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If Gabriel Deposits $18,500 in a Savings Account That Earns

Question 125

Multiple Choice

If Gabriel deposits $18,500 in a savings account that earns 3.1% interest per year compounded quarterly, how much money can he expect to be in the account in 2 years? Round your answer to two decimal places.


A) $19,647.00
B) $1,822,882.13
C) $19,678.60
D) $17,383.63

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