Rita deposited $8,000 in a savings account that provides for interest at the rate of 16% compounded quarterly.
Required:
Compute the balance in the account at the end of seven years.

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The Answer of Rita deposited $8,000 in a savings account that provides for interest at the rate of 16% compounded quarterly.
Required:
Compute the balance in the account at the end of seven years.

Rita Deposited $8,000 in a Savings Account That Provides for Interest