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Problem 9.25 (Algo) Quarterly compounding [LO9-5] Juan Garza invested $119,0005 years ago at 8 percent, compounded quarterly. How much has he accumulated? Use Appendix A

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Problem 9.25 (Algo) Quarterly compounding [LO9-5] Juan Garza invested $119,0005 years ago at 8 percent, compounded quarterly. How much has he accumulated? Use Appendix A for an approximate answer but calculate your final answer using the formula and financial calculator methods. Note: Do not round intermediate colculations. Round your final answer to 2 decimal ploces. \begin{tabular}{lll} Future value & 5225,220.05 \\ \hline \end{tabular}

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