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Adrian deposited $13,000 into a savings account that earns 5% compounded quarterly a. Calculate the balance of the account at the end of year 1.
Adrian deposited $13,000 into a savings account that earns 5% compounded quarterly a. Calculate the balance of the account at the end of year 1. $0.00 Round to the nearest cent b. If the interest rate changed to 6% compounded monthly at the end of year 1, calculate the balance of the account at the end of vear 5 b. If the interest rate changed to 6% compounded monthly at the end of year 1, calculate the balance of the account at the end of year 5. $0.00 Round to the nearest cent c. Calculate the total amount of interest earned during the 5-year period. $0.00 Round to the nearest cent
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