Answered

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UESTION 5

When Janya was in 6th grade, she invested $1000 into an account that earns 15% interest, compounded quarterly. Six years later, she is a senior and she wants to withdraw the interest earned to help with college expenses. She will learn the initial investment of $1,000 in the account. How much will she withdraw?

a. $2,419

b. $1,150

c. $1,000

d. None of the above

Sagot :

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