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

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Problem - Mark Welsch deposits $8,000 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $8,000 plus earned interest must remain in the account 1 years before it can be withdrawn. How much money will be in the account at the end of 1 years?

Reference no: EM132995803

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