Question: You deposited 45 678 in a interest bearing account at TD
You deposited $45,678 in a interest bearing account at TD Bank that pays 3.4 percent interest, compounded quarterly, planning to use it to finish your studies at Keller Graduate School of Management. Thirty-three months later, you decide to go to Aspen 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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