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Mathematics, 10.11.2021 17:30 simmonss1185

1. Callie's grandmother deposits $1,000 into a savings account on Callie's 10th birthday for her to withdraw when she turns 21. The account carries a 2.5% annual interest

rate that compounds quarterly.

If no additional deposits are made the account, by how much will the money grow by

the time Callie turns 21?

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Answers: 1

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