How much money will be in the account

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Reference no: EM132280265

Question - Jane Smith deposits $8,000 in an account that earns interest at an annual rate of 12%, compounded quarterly. The $8,000 plus earned interest must remain in the account 4 years before it can be withdrawn. How much money will be in the account at the end of 4 years?

Reference no: EM132280265

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