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Posted on Jul 31, 2024

At the end of each quarter, Patti deposits $ 1 , 8 0 0 into an account that pays 1 2 % interest compounded quarterly.

At the end of each quarter, Patti deposits $

1, 800

into an account that pays

12 %

interest compounded quarterly. How much will Patti have in the account in five years?

Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar.

(

FV of $

1,

PV of $

1,

FVA of $

1,

and PVA of $

1) .

Multiple Choice

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