June made an initial deposit of $7500 in an account for her son. Assuming an interest rate of 2% compounded quarterly, how much will the account be worth in 17 years? O $8930.45 O $10,528.18 O $10,475.80 O $10,519.33

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 62SE: Rachael deposits $1500 into a retirement fund each year. The fund earns 8.2% annual interest,...
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Solve the problem.
June made an initial deposit of $7500 in an account for her son. Assuming an interest rate
of 2% compounded quarterly, how much will the account be worth in 17 years?
O $8930.45
O $10,528.18
O $10,475.80
O $10,519.33
ASUS
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f8
f10
f9
f11
%24
4.
5
6.
7
8.
9.
Y UI
G
H.
JK
国
F.
图
%24
Transcribed Image Text:Solve the problem. June made an initial deposit of $7500 in an account for her son. Assuming an interest rate of 2% compounded quarterly, how much will the account be worth in 17 years? O $8930.45 O $10,528.18 O $10,475.80 O $10,519.33 ASUS f4 f5 E3 f6 f7 f8 f10 f9 f11 %24 4. 5 6. 7 8. 9. Y UI G H. JK 国 F. 图 %24
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