Question: a . A bank is paying 7 . 5 % APR on a CD . ( Note: The convention when there are no periodic payments

a. A bank is paying 7.5% APR on a CD.(Note: The convention when there are no periodic payments is to assume annual compounding, unless stated otherwise. Thus this is annual compounding.) If you put $2913 into an account, how much will the account be worth in 7 years? Answer to 2 decimal places.

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