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15 March, 03:18

Joseph ray just received an inheritance of $35,775 from his great aunt. he plans to invest the funds for retirement. if joseph can earn 4.75% per year with quarterly compounding for 32 years, how much will he have accumulated? (round off to the nearest dollar.) $162,113 $184,622 $237,416 $71,550

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  1. 15 March, 05:17
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    You are in search of Future Value in the Time Value of Money Formula

    Answer = $162,113
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