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Determine the accumulated balance after the stated period

Problem: Use the compound interest formula for compounding more than once a year to determine the accumulated balance after the stated period.

A $14,000 deposit at an APR of 4.6% with quarterly compounding for 7 years.

The amount after 7 years will be (Round to the nearest cent as needed)?

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Finance Basics: Determine the accumulated balance after the stated period

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