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7-3/4 percent compounded quarterly = 1.9375 percent paid each period. 7-1/2 years = 30 periods The future value of $1 = (1.019375)30 = $1.77836 (rounded) The future value of $5,200 = (5,200 x 1.77836) = $9,247.46

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Q: Find the future value of 5200 at 7 34 percent compounded quarterly for 7 12 years Ignore leap years?
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