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1. To pay for new machinery in 5 years, a company owner invests $15,000 at 10.5% compounded quarterly. How much money will be available in

1. To pay for new machinery in

years, a company owner invests

$15,000

10.5%

compounded quarterly. How much money will be available in

years? Round your answer to the nearest cent.

years there will be

available.

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