EILEEN HOGARTY DEPOSITS $5,630 IN CITY BANK, WHICH PAYS 12% INTEREST,
QUESTION
EILEEN HOGARTY DEPOSITS $5,630 IN CITY BANK, WHICH PAYS 12% INTEREST, COMPOUNDED QUARTERLY. HOW MUCH MONEY WILL SHE HAVE IN HER ACCOUNT AT THE END OF 7 YEARS?
ANSWER:
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