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You just deposited $ 1 , 5 0 0 in a bank account that pays a 6 . 0 % nominal annual interest rate, compounded
You just deposited $ in a bank account that pays a nominal annual 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?
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