Solve the problem.A deposit of $7000 is made in an account that earns 8% interest compounded quarterly. The balance in the account after n quarters is given by the sequencean = 7000
n n = 1, 2, 3, ... Find the balance in the account after 9 years.
A. $14,097.21
B. $14,368.21
C. $14,279.21
D. $14,372.21
Answer: C
Mathematics
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Mathematics