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Question Answered step-by-step Ruth Lewis has $ 18,000 that she can deposit into a savings account for five years. Bank A compounds interest annually, Bank
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Ruth Lewis has $ 18,000 that she can deposit into a savings account for five years. Bank A compounds interest annually, Bank B twice a year, and Bank C quarterly. Each bank has a stated interest rate of 7 percent. What account balance would Ruth have at the end of the fifth year if she left all the interest paid on the deposit in each bank? Round answer to 2 decimal places
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