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Suppose that when your friend was​ born, your​ friend's parents deposited ​$7000 in an account paying ​6.1% interest compounded quarterly. What will the account balance be after 15 ​years?
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Suppose that when your friend was​ born, your​ friend's parents deposited ​$7000 in an account paying ​6.1% interest compounded quarterly. What will the account balance be after 15 ​years?

User Ali Kazmi
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1 Answer

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The account balance after 15 years will be $17,945.90.
User Ooo
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