[Solved] 14. You deposit a single amount of $50,00

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14. You deposit a single amount of $50,000 in a savings account that pays 7.2% annual interest (compounded quarterly). How much will you have at

14. You deposit a single amount of $50,000 in a savings account that pays 7.2% annual interest (compounded quarterly). How much will you have at the end of six and one-half years?

a. $68,145 b. $70,163

c. $72,664 d. $79,508

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