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If Jacob opens an account with $2,500 and plans on depositing $1,000 every year-end, how much will he have accumulated at the end of 7
If Jacob opens an account with $2,500 and plans on depositing $1,000 every year-end, how much will he have accumulated at the end of 7 years if the rate the bank gives is 5% APR with quarterly compounding. A. $25,705 B. $11,000 C. $11,705 D. $15,705
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