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Suppose you invest $ 4 , 0 0 0 in an account that pays 8 . 2 5 % interest per year, compounded quarterly. (
Suppose you invest $ in an account that pays interest per year, compounded quarterly.
a Find the amount in $ after years. Round your answer to the nearest cent.
b How long in yr will it take for the investment to triple? Round your answer to two decimal places.
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