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The Owner of Sebastopol Tree Farm Deposits $450 at the End

Question 49

Multiple Choice

The owner of Sebastopol Tree Farm deposits $450 at the end of each quarter into an account paying 7% compounded quarterly. What is the value of the account at the end of 6 years? ​


A) $9,925.12
B) $13,279.96
C) $14,306.25
D) $13,847.64
E) $14,658.37

Correct Answer:

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