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Posted on Jul 31, 2024

An account contains $ 1 2 , 0 0 0 . If an additional $ 1 5 0 0 is deposited at the end of

An account contains $

12, 000 .

If an additional $

1500

is deposited at the end of each quarter in an account that earns

5 %

compounded quarterly, after how many quarters will the account contain $

110, 000 ? (

Round your answer UP to the nearest quarter.

)

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