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A young graduate looks to save money to buy a house 7.00 years from today. He is somewhat conservative and will invest his money in

A young graduate looks to save money to buy a house 7.00 years from today. He is somewhat conservative and will invest his money in a bond fund that pays 4.00% APR with quarterly compounding. The graduate invests $11,860.00 today. How much will his account be worth in 7.00 years?

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