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The Carters are saving up to go on a family vacation in 5 years. They invest $3200 into an account with an annual interest rate
The Carters are saving up to go on a family vacation in 5 years. They invest $3200 into an account with an annual interest rate of 1.52% compounded quarterly. Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. 3 ? (a) Assuming no withdrawals are made, how much money is in the Carters' account after 5 years? sl $ (b) How much interest is earned on the Carters' investment after 5 years? $
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