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(Get Answer) – You Want To Have 3000 In Your Bank Account After 5 Years How Much Should You Deposit Into A Bank Account That Pays 3 25 Interest Compounded Quarterly Round To The Nearest Dollar

Question Description

You want to have $3000 in your bank account after 5 years. How muchshould you deposit into a bank account that pays 3.25% interestcompounded quarterly? Round to the nearest dollar.

Answer A. $2551

Answer B. $2881

Answer C. $3527

Answer D. $2552

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