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June made an initial deposit of $ 6 comma 8 0 0 in an account for her son. Assuming an interest rate of 5 %

June made an initial deposit of $6 comma 800 in an account for her son. Assuming an interest rate of 5% compounded quarterly, how much will the account be worth in 19 years? Round answer to the nearest cent.

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To calculate the future value of the account we can use the formula FV PV x 1 rn where FV Futu... blur-text-image

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