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

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Suppose a 40-year-old person deposits $12,000 per year in an Individual Retirement 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 eamed. 7% The total in the account is $ (Round to the nearest cent as needed.)

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