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Sara plans to deposit $1,500 right now into her saving account. The interest rate 16% / year compounded quarterly. the closest equivalent future value

 
 

Sara plans to deposit $1,500 right now into her saving account. The interest rate 16% / year compounded quarterly. the closest equivalent future value after 2 years is: Less than $1,500 Between $1,500-$1,600 Between $1,600-$1,700 Higher than $1,700

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