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At the end of each quarter, Sol deposits $500 into an account that pays an annual interest rate of 12% with interest compounded quarterly. At

At the end of each quarter, Sol deposits $500 into an account that pays an annual interest rate of 12% with interest compounded quarterly. At the end of three years, after the final deposit is made, the amount Sol will have in the account is closest to:

Group of answer choices

$7,096

$7,213

$7,129

$7,129

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