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What will ending balance be ten years from today

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Reference no: EM132770019

Problem 1: Suppose you deposited $25,000 into a savings account today. The account pays a nominal annual interest rate of 12%, but interest is compounded quarterly. Assuming that you make no additional deposits into or withdrawals from the account, what will your ending balance be 10 years from today?

Reference no: EM132770019

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