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Your grandfather put some money in a bank account for you on the day you were born. You just turned 18 years old and you

Your grandfather put some money in a bank account for you on the day you were born. You just turned 18 years old and you are allowed to withdraw the money for the first time. The account currently has EUR55,829 in it and pays a annual percentage rate of 6.96% which is quarterly compounded. For each question, give your answer rounded to the nearest Euro.

How much money would be in the account if you left the money there until your 25th birthday?

How much money did your grandfather originally put in the account?

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