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Larry accumulated $ 3 , 0 0 0 in credit card debt. If the interest rate is 1 0 % per year and he does

Larry accumulated $

3, 000

in credit card debt. If the interest rate is

10 %

per year and he does not make any payments for

2

years, how much will he owe on this debt in

2

years for quarterly compounding? Round your answer to two decimal places.

Provide your answer below

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