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You have deposited $1,500 in an account that promises to pay 8% compounded quarterly for the next five years. How much will you have in

You have deposited $1,500 in an account that promises to pay 8% compounded quarterly for the next five years. How much will you have in the account at the end of 5 years?

Question 23 options:

$1,598.33

$2,228.92

$2,203.99

$6991.44

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