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Ryan delivers newspapers and is putting $40 in the bank at the end of each quarter. Ryan is 10 years old and will use the

Ryan delivers newspapers and is putting $40 in the bank at the end of each quarter. Ryan is 10 years old and will use the money when he goes to college in 8 years. What will be the value of Ryans account in 8 years if he is earning 8.5% APR with quarterly compounding? a. $1,280.00 b. $1,744.01 c. $1,580.95 d. $1,806.81 e. $3,982.56

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