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How to solve Gwen deposits $ 5 , 0 0 0 in a savings account that pays 2 . 5 percent interest, compounded quarterly. She
How to solve
Gwen deposits $ in a savings account that pays percent interest, compounded quarterly. She wants to know what her balance will be in years. What is the FV in this problem?
Hint: You need to figure out this is a single deposit or a series of deposits.
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