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You keep $10,000 in a bank account. The bank quotes a stated annual interest rate...

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Finance

You keep $10,000 in a bank account. The bank quotes a stated annual interest rate of 6%. How much will your client have in this account at the end of two years assuming no withdrawals (so all the interest are reinvested) with quarterly compounding?

a. 11.271,60

b. 11.264,93

c. 11.255,09

d. 11.236,00

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