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OpenStudy (anonymous):

Jack starts to save at age 40 for a vacation home that he wants to buy for his 50th birthday. He will contribute $1000 each quarter to an account, which earns 2.1% interest, compounded annually. What is the future value of this investment, rounded to the nearest dollar, when Jack is ready to purchase the vacation home? $11,000 $11,231 $44,000 $44,924

OpenStudy (anonymous):

Hey man this is history. I like math, but please ask in the math place.

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