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You just deposited $4,000 in a bank account that pays an 8.0%nominal annual interest rate, compounded quarterly. If you also addanother $8,000 to the account
You just deposited $4,000 in a bank account that pays an 8.0%nominal annual interest rate, compounded quarterly. If you also addanother $8,000 to the account one year (4 quarters) from now andanoth 2 answers
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