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A bank features a savings account that has an annual percentage rate of 4.7% compounded quarterly. Don deposits $5,000 into the account. The account balance
A bank features a savings account that has an annual percentage rate of 4.7% compounded quarterly. Don deposits $5,000 into the account. The account balance is modeled by the formula () = (1 ) , where A is account value after t years, a is principal, r is annual percentage rate, k is the number of compounding periods per year. How much money will Don have in the account in 7 years
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