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An investment account pays 5.4% interest compounded quarterly. If $4,000 is placed in this account, find the balance after 8 years. (Round to the nearest cent). O A) $126,539.40 B) $6:092.35 O O C) $6,
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An investment account pays 5.4% interest compounded quarterly. If

$4,000 is placed in this account, find the balance after 8 years. (Round to
the nearest cent).
O
A) $126,539.40
B) $6:092.35
O
O
C) $6,143.56
O
D) $21,525.81

User Chathuranga
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4.6k points

1 Answer

3 votes
The Correct Answer is C
User Jade
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