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Use the appropriate compound interest formula to compute the balance in the account after the stated period of time $15,000 is invested for 7 years

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Use the appropriate compound interest formula to compute the balance in the account after the stated period of time $15,000 is invested for 7 years with an APR of 6% and quarterly compounding. The balance in the account after 7 years is $ (Round to the nearest cent as needed.)

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