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Jennifer's grandmother deposited $1,000 in a savings account for her when she graduated high school. The money has been earning an annual rate of 12%
Jennifer's grandmother deposited $1,000 in a savings account for her when she graduated high school. The money has been earning an annual rate of 12% interest compounded quarterly for the last ten years. She intends to tie the knot and would like to take her new honey-poo on a super sweet honeymoon. How much does she have in this account to use?
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