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The Chois are saving up to go on a family vacation in 2 years. They invest $2500 into an account with an annual interest rate of 1.21% compounded quarterly. (a) Assuming no withdrawals are made, how much money is in the Chois account after 2 years? (b) How much interest is earned on the Chois' investment after 2 years?
Sagot :
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