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Use the compound interest table

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To purchase additional park sites, the Anderson County treasurer invested $30,000 in an account that pays 8% annual interest, compounded quarterly. What is the value of the investment after 5 years? Use the Compound Interest Table. Round to the nearest cent.

a. $44,577.50
b. $44,578.50
c. $43,578.50
d. $44,678.50

Reference no: EM13180307

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