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Verified Answer :

chul

Well, this is rather lengthy so...

First, you'd do...
1000 0.073 = $73.

$73 is for one quarter, so...

A quarter of a year is 1/4 of the year, so you'd need to do... $73 * 4.
= $292.

$292 is for one year.

Now do...

$292 30

Your Answer:
A. $8760 is invested at an interest rate of 7.3% compounded quarterly for 30 years.

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