Mathematics, 25.05.2020 05:59, hebrew1148

You inherit $7,500. You want to stash it away in an account earning 7% interest compounded quarterly to later use for a home down payment.
a. How much money will you have after 5 years?
b. How much interest will the account have earned?

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You inherit $7,500. You want to stash it away in an account earning 7% interest compounded quarterly...