Question: Help Use the appropriate compound interest formula to compute the balance in the account after the stated period of time $11,000 is invested for 9

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Use the appropriate compound interest formula to compute the balance in the account after the stated period of time $11,000 is invested for 9 years with an APR of 5% and quarterly compounding. The balance in the account after 9 years is $ (Round to the nearest cent as needed.)

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