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What is the interest rate, i, per period? An athlete believes that her playing career will last 7 years. To prepare for her future, she

What is the interest rate, i, per period? An athlete believes that her playing career will last 7 years. To prepare for her future, she deposits $22,000 at the end of each quarter for 7 years in an account paying 6% compounded quarterly. How much will be in the account after 7 years?

a.

1.5%

b.

6%

c.

12%

d.

24%

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