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Question 2 3 Suppose you deposited $ 6 , 1 2 4 in an account that earns a simple 1 0 % interest per year

Question

23

Suppose you deposited $

6, 124

in an account that earns a simple

10 %

interest per year but compounded quarterly, how much would you have in your account after

7

years?

(

Round your answer to two decimal points

)

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