Question: Gerald turned 72 this year and must take a Required Minimum Distribution (RMD) from his 401K. He invested $22,919 into a money market earning 3.88%

Gerald turned 72 this year and must take a Required Minimum Distribution (RMD) from his 401K. He invested $22,919 into a money market earning 3.88% interest compounded quarterly for 5 years. Find the balance in the account. Round to the nearest cent

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