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# what is the future value of 1300 placed in a saving account for four years if the account pays 6.00% compounded quarterly?

what is the future value of 1300 placed in a saving account for four years if the account pays 6.00% compounded quarterly?

your brother who is 6 years old just received a trust fund that will be worth $22,000 when he is 21 years old. If the fund earns 0.11 interest compounded annually, what is the value of the fund today?