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How much money will be in the account at the end of year

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Question - Ms. Hickory deposits $4,300 into her retirement savings account at the Juniper Mutual Fund at the start of every three-month period (quarterly) for 21 years. If the fund pays interest at a rate represented as a 5.8% annual percentage rate (APR), but with quarterly compounding, how much money will be in the account at the end of year 21? (Be sure to carry computations out several decimal places for accuracy.) 

A. $697,188.27

B. $707,297.50

C. $211,071.60

D. $696,806.14

E. $711,392.91

Reference no: EM132957065

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