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A bank pays 6% interest per year, compounded (a) quarterly, (b) annually. A $5000 deposit will grow to what amount if left in that bank

A bank pays 6% interest per year, compounded (a) quarterly, (b) annually. A $5000 deposit will grow to what amount if left in that bank for 2 years? (a) (b) F-$5000(1.015) $5632.46 F-$5000(1.06) $5618.00

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