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Posted on Sep 13, 2024

You deposit $ 1 , 0 0 0 in an account at the Lifelong Trust Savings and Loan that pays 5 % interest compounded quarterly.

You deposit $

1, 000

in an account at the Lifelong Trust Savings and Loan that pays

5 %

interest compounded quarterly. By how much will your deposit have grown after

10

years

(

in dollars

) ? (

Round your answer to the nearest cent.

)

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