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(Solved): Find the amount of money in an account after 9 years if \( \$ 2500 \) is deposited at \( 8 \% \) an ...
Find the amount of money in an account after 9 years if \( \$ 2500 \) is deposited at \( 8 \% \) annual interest compounded quarterly. \( \begin{array}{ll}\text { a } & \$ 4997.51 \\ \text { b } & \$ 5123.83 \\ \text { c } & \$ 5064.54 \\ \text { d } & \$ 5099.72\end{array} \) Compute the compound interest. Maria invested \( \$ 2500 \) at \( 4 \% \) compounded annually. How much will be in the account in 6 years? Round to the nearest cent. \( \begin{array}{ll}\text { a } & \$ 2550.42 \\ \text { b } & \$ 663.30 \\ \text { c } & \$ 2500.33 \\ \text { d } & \$ 3163.30\end{array} \)