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Oscars grandparents made a trust deposit of $3,750.00 on December 19, 2002, at his birth. This trust deposit can be withdrawn on his fifty-sixth birthday.

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Oscars grandparents made a trust deposit of $3,750.00 on December 19, 2002, at his birth. This trust deposit can be withdrawn on his fifty-sixth birthday. What will be the value of the trust when he reaches that birthday if interest at 8.71% is compounded annually? O a. $125,299.30 O b.$442,078.20 OC. $402,831.13 od. $229,964.30 Oe. $125,299.80

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