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Karen set up an investment account when she was 1 8 years old. She put $ 5 0 0 a month into the account for
Karen set up an investment account when she was years old. She put $ a month into the account for years. This account paid an average annual rate of interest of compounded quarterly. At the end of the years, at age Karen took all the money from this investment and put it into a different account that paid a fixed annual rate of compounded annually as long as she did not withdraw any of the money. At what age would Karen have $ in this second account?
Complete the tables and circle the value that was calculated for each table.
First Account
PVFVperiodsratePaymentpaymentyrcompound pmtyr
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