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QUESTION
Lily put $48,000 in an education account on the day her daughter was born. If the account earned 5.85% interest compounded quarterly, what was the
Lily put $48,000 in an education account on the day her daughter was born. If the account earned 5.85% interest compounded quarterly, what was the total in the account when her daughter turned 18? Round the final answer to the nearest cent.
