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(1 point) Allan makes payments of $240 into an account earning interest at j4 = 5.5% every 3 months for 8 years starting on August

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(1 point) Allan makes payments of $240 into an account earning interest at j4 = 5.5% every 3 months for 8 years starting on August 11, 2000. How much money will Allan have in the account on May 11, 2007 immediately after his payment? Answer: $ 9199.64

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