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## a $22,000 deposit at an apr of 5.1% with a quarterly compounding for 25 years. after 25 years will be

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## Answers ( )

Answer:After 25 years the amount will be $78099.34.

Step-by-step explanation:The compound interest formula is ;

Where p = 22000

r = 5.1% or 0.051

n = 4

t = 25

So, putting the values in formula we get;

A = $78099.34Therefore, after 25 years the amount will be $78099.34.