Question: You are saving for the down payment on a house. You inherit $8,735 and put it in an account that earns 7.9 percent compounded quarterly.

You are saving for the down payment on a house. You inherit $8,735 and put it in an account that earns 7.9 percent compounded quarterly. After 5 years how much will be in the account for the down payment? (Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the box below.)

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