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How much interest has lawson earned

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Reference no: EM132773174

Problem 1: Lawson opened a savings account 24 years ago with a deposit of $4,169.06. The account has an interest rate of 4.3% compounded quarterly. How much interest has Lawson earned?

1) $4,348.33

2) $7,467.86

3) $11,636.92

4) $11,451.48

Reference no: EM132773174

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