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Use the formula for computing future value using compound interest to determine the value of an account at the end of 8 years if a

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Use the formula for computing future value using compound interest to determine the value of an account at the end of 8 years if a principal amount of $16,000 is deposited in the account at an annual interest rate of 3% and the interest is compounded quarterly The amount after years will be s (Round to the nearest cent as needed)

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