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At the End of Each Quarter,Patti Deposits $500 into an Account

Question 25

Multiple Choice

At the end of each quarter,Patti deposits $500 into an account that pays 12% interest compounded quarterly.How much will Patti have in the account in three years?


A) $7,096.
B) $7,013.
C) $7,129.
D) $8,880.

Correct Answer:

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