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If Vu Deposits $13,500 in a Savings Account That Earns

Question 31

Multiple Choice

If Vu deposits $13,500 in a savings account that earns 1.5% interest per year compounded quarterly, how much money can she expect to be in the account in 3 years? Round your answer to two decimal places.


A) $14,107.50
B) $620.19
C) $12,904.87
D) $14,120.19

Correct Answer:

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