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16 Exactly 3 years ago, Jantzen deposited $1.250 into an account that paid interest of 4.50% p.a. If today, the interest rate on this account
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Exactly 3 years ago, Jantzen deposited $1.250 into an account that paid interest of 4.50% p.a. If today, the interest rate on this account increases to 7.5% p.a., and if that rate continues for the next 15 years, how much money will Jantzen have in his account exactly 15 years from today? 1) $4328.12 2) $3748.03 3) $4476.32 4) $4220.71 5) $4023.51 Step by Step Solution
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