How much will be in a high yield account at the national

Reference no: EM13603694

How much will be in a high yield account at the national bank of Arizona 12 years from now if you deposit $5000 now and $7000 five years from now? The account earns interest at a rate of 8% per year, compounded quarterly. (please write out formulas before solving problem and show step by step.

Reference no: EM13603694

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