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To establish a rainy day cash reserve account, a certain company deposits $ 1 1 , 0 0 0 of its profit at the end
To establish a "rainy day" cash reserve account, a certain company deposits $ of its profit at the end of each quarter into a money market account that pays interest compounded quarterly. Round your answers to the nearest cent.
a
How much in $ will the account be worth in years?
$
b
How much in $ will the account be worth in
years?
$
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