You deposited 11175 in a savings account that pays 924, Financial Management

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You deposited 11175 in a savings account that pays 924

You deposited $11175 in a savings account that pays 9.24 percent interest, compounded quarterly, planning to use it to finish your last year in college. Eighteen months later, you decide to go to the Rocky Mountains to become a ski instructor rather than continue in school, so you close out your account. How much money will you receive?

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Financial Management: You deposited 11175 in a savings account that pays 924

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