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You just deposited $ 1 5 , 0 0 0 in a bank account that pays a 4 . 0 % nominal interest rate, compounded
You just deposited $ in a bank account that pays a nominal interest rate, compounded quarterly. If you also add another $
to the account one year quarters from now and another $ to the account two years quarters from now, how much will be in the
account three years quarters from now?
Select the correct answer.
a
b
c
d
e
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