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burton gifted the amount of $2300 to his favorite grandson by depositing it into an account that earns an interest rate of 7.60% per year

burton gifted the amount of $2300 to his favorite grandson by depositing it into an account that earns an interest rate of 7.60% per year and compounds interest 4 times per year. Burton stipulated that his grandson cannot spend the money for 24 years. Calculate to the nearest dollar and cents how much will be in the account when burton grandson is able to spend the money

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