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Beverly Hills started a paper route on January 1. Every three months, she deposits $1,100 in her bank account, which earns 8 percent annually but
Beverly Hills started a paper route on January 1. Every three months, she deposits $1,100 in her bank account, which earns 8 percent annually but is compounded quarterly. Four years later, she used the entire balance in her bank account to invest in an investment at 9 percent annually. How much will she have after three more years? Calculate your final answer using the formula and financial calculator methods.
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