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On Abby Ellen’s graduation from law school, Abby’s uncle, Bull Brady, promised her a gift of $24,000 or $2,400 every quarter for the next 4 years after graduating from law school. If the money could be invested at 6% compounded quarterly, which offer should Abby choose? How much money will Abby have if she invests at 6% compounded quarterly? (Round your answer to the nearest cent.)
Abby choose:
Abby will have:
Sagot :
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