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At the time of her grandson's birth, a grandmother deposited $9,000 in an account. The account was paying 4.0% interest compound monthly. a. If the

At the time of her grandson's birth, a grandmother deposited $9,000 in an account. The account was paying 4.0% interest compound monthly.

a. If the rate did not change, what was the value of the account after 17 years?

b. If the money had been invested at 4.0% compound quarterly, what would the value of the account have been after 17 years?

a. The value of the account will be ______________

( Round to the nearest cent.)

b. The value of the account will be________

( Round to the nearest cent.)

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