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Sarah Allen has $19,000 that she can deposit into a savings account for five years. Bank A compounds interest annually, Bank B twice a year,
Sarah Allen has $19,000 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 5 percent. What account balance would Sarah have at the end of the fifth year if she left all the interest paid on the deposit in each bank?(Round answers to 2 decimal places, e.g. 52.75.)
Future Value
Bank A
Bank B
Bank C
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