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Use the appiopriate compound interest formula to congute the balance in the account afler the states $16,000 is invesled for 7 years with an APR

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Use the appiopriate compound interest formula to congute the balance in the account afler the states $16,000 is invesled for 7 years with an APR of 3K and q arterly cempounding The balance in the account ather 7 years is: (Round to the nearest cent as needed

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