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Compound interest is computed quarterly on $600 in a bank savings account for 7 years at 12% annual interest. To find the value of the

Compound interest is computed quarterly on $600 in a bank savings account for 7 years at 12% annual interest. To find the value of the savings account at the end of 7 years, the factor from the future value table would be found at

A.

28 periods at 3%.

B.

28 periods at 12%.

C.

7 periods at 12%.

D.

7 periods at 3%.

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