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John makes a one-time deposit of $5000/- in an investment account that pays an annual interest rate of 4.50% compounded quarterly. If the money is

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John makes a one-time deposit of $5000/- in an investment account that pays an annual interest rate of 4.50% compounded quarterly. If the money is kept in this account for 5 years, how much money would John have at the end of 5 years? Answer the following: period interest rate = Number of compounding periods For the previous question, what is the balance after 5 years

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