Answered

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At the end of every 3 months, Judy deposits $100 into an account that pays 6% compounded quarterly. After 4 years, she puts the accumulated amount into a certificate of deposit paying 7.5% compounded semiannually for 1 year. When this certificate matures, how much will Judy have accumulated?
A) $1930.25
B) $1920.96
C) $2072.31
D) $1823.2

Sagot :

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