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Suppose 8500 is deposited into a savings account earning 5 interest compounded quarterly Find the...

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Basic Math

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Suppose 8500 is deposited into a savings account earning 5 interest compounded quarterly Find the balance in the account in 5 years rounded to the nearest cent Use one of the formulas below to solve the problem Future Value A P 1 1 Present Value P 1 10 897 32 2 9 044 70 3 13 845 60 A 1 5

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