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You deposit $8,600 in an account earning 3% interest compounded quarterly. How much will you have in the account after 7 years? (Note: Use n

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You deposit $8,600 in an account earning 3% interest compounded quarterly. How much will you have in the account after 7 years? (Note: Use n = 12 for monthly compounding, n = 4 for quarterly compounding, n =2 for semiannual compounding, and n = 1 for annual compounding.)

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