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He placed $45,000 into an account and let it grow at 12% compounded quarterly for 31 years. Approximately how much will Clay have accumulated in

He placed $45,000 into an account and let it grow at 12% compounded quarterly for 31 years. Approximately how much will Clay have accumulated in 2022 (31 years later)? A. $1,510,000. B. $1,590,000. C. $1,620,000. D. $1,670,000. E. $1,760,000.

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