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  3. a person invests $1625 into a retirement account,

A person invests $1625 into a retirement account, with an interest rate of 0.9%compounded quarterly....

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Basic Math

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A person invests $1625 into a retirement account, with an interest rate of 0.9%compounded quarterly. Find the retirement account balance after two years.1) The balance will be $1654.48 after two years.2) The balance will be 1941.60 after two years.3) The balance will be $1664.41 after two years.4) The balance will be $3279.34 after two years.

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