Question: Use the compound interest formula for compounding more than once a year to determine the accumulated balance after the stated period. A $ 2 0

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 3.7% with quarterly compounding for 32 years. The amount after 32 years will be $_______(Round to the nearest cent as needed.)

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