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If the current quarterly interest rate is 2.5%, then the future value of an investment that pays $300 per quarter and lasts 10 years is

If the current quarterly interest rate is 2.5%, then the future value of an investment that pays $300 per quarter and lasts 10 years is closest to:

Select one:

a. $16,020

b. $7,520

c. $12,720

d. $20,220

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