Question: Use the compound interest formula for compounding more than once a year to determine the accumulated balance after the stated period. A $20,000 deposit at

Use the compound interest formula for compounding more than once a year to determine the accumulated balance after the stated period.

A $20,000 deposit at an APR of 4.2% with quarterly compounding for 25 years.

The amount after 25 years will be?

(Round to the nearest cent as needed.)

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