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Suppose a 40- year old person deposits $12,000 per year in an individual retirment account until age 65. Find the total in the account with

Suppose a 40- year old person deposits $12,000 per year in an individual retirment account until age 65. Find the total in the account with the following assumption of an interest rate. ( Assume quarterly compounding, with payments of $3,000 made at the end of each quarter period.) Find the total amount of interest earned.

7%.

the total in the account is $___.

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