Question: Use the compound interest formula for compounding more than once a year to determine the accumulated balance after the stated period. A $21,000 deposit at

Use the compound interest formula for compounding more than once a

Use the compound interest formula for compounding more than once a year to determine the accumulated balance after the stated period. A $21,000 deposit at an APR of 6.4% with quarterly compounding for 25 years. The amount after 25 years will be $ (Round to the nearest cent as needed.)

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