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Question 2 Compound Interest You deposit $ 1 5 6 2 7 7 at 6 . 4 % per year in a saving account. What

Question 2 Compound Interest
You deposit $156277 at 6.4% per year in a saving account. What is the interest at the end of one year if the interest paid is compounded quarterly? (round to 2 decimal places)
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