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Suppose $12,500 is invested in an account which offers 3.25% interest compounded quarterly (4 times a...

Suppose $12,500 is invested in an account which offers 3.25% interest compounded quarterly (4 times a year).

(a) Express the amount A in the account as a function of the term of the investment t in years.

(b) How much would be in the account in 7 years (assuming non deposits or withdrawals are made)?

(c) How long will it take for the initial investment to double (round the nearest tenth of a year)?

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