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Solve the Problem $7100\$ 7100 In an Account Paying 13%13 \% Compounded Quarterly

Question 71

Multiple Choice

Solve the problem. Round your answer to the nearest cent.
-Brad invests $7100\$ 7100 in an account paying 13%13 \% compounded quarterly. How much is in the account after 6 months?


A) $7547.40\$ 7547.40
B) $9065.99\$ 9065.99
C) $7214.45\$ 7214.45
D) $7569.00\$ 7569.00

Correct Answer:

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