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Today, Thomas deposited $120,000 in a three-year, 8% investment account that compounds quarterly. What is the maturity value of the investment account? Multiple Choice $151,165

Today, Thomas deposited $120,000 in a three-year, 8% investment account that compounds quarterly. What is the maturity value of the investment account?
Multiple Choice

  • $151,165

  • $152,189

  • $156,789

  • $148,80

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