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What is the account balance

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Question - You are planning to invest $10,000 today in an account paying 5% of annual interest rate with quarterly compounding. What is the account balance 20 years from today?

approx. 25,655

approx. 50,788

approx. 55,888

approx. 49,785

approx. 27,015

Reference no: EM132030578

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