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A family decides to invest $550 at the end of each quarter for the next 20 years. They will use the investment to fund an
A family decides to invest $550 at the end of each quarter for the next 20 years. They will use the investment to fund an elaborate family reunion in exactly 20 years. The funds will be invested in a brokerage account that will pay 3.6% APR with quarterly compounding. What will be the balance on the account after 20 years? $49,000 $71,446 $73,003 $64,034 $69,855
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