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3 May, 05:39

Suppose Ava had deposited another $1,300 into a savings account at a second bank at the same time. The second bank also pays a nominal (or stated) interest rate of 8.2% but with quarterly compounding. Keeping everything else constant, how much money will Ava have in her account at this bank in 5 years? A. $1,950.76 B. $1,409.92 C. $206.60 D. $173.08

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  1. 3 May, 08:13
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    Answer choice B. 1,409.92
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