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Bob opens an account paying 5% per year compounded quarterly with $800 and plans to add $300 at the end of each quarter until he
Bob opens an account paying 5% per year compounded quarterly with $800 and plans to add $300 at the end of each quarter until he has at least $36,000. (A) How many quarters will it take for Bob to first reach his goal? Give your answer as an integer. 71 x quarters (B) After the time period solved in part (A) has elapsed, how much will Bob have is the account? Round your answer to two decimal places
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