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Jasmine invests $5,400 in an account with a fixed annual interest rate of 8% compounded quarterly. What will be the account balance after 5 years?

Jasmine invests $5,400 in an account with a fixed annual interest rate of 8% compounded quarterly. What will be the account balance after 5 years? Write and solve an equation, where B represents the account balance, and t represents time in years.

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