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Posted on Sep 08, 2024

A relative put $ 8 , 2 0 0 in an account for you and instructed you not to touch it for 1 0 years.

A relative put $

8, 200

in an account for you and instructed you not to touch it for

10

years. The account has a

7.6 %

rate of interest compounded quarterly. What will the account be worth i

10

years?

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