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Juan Garza invested $107,000 5 years ago at 8 percent, compounded quarterly. How much has he accumulated?

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Juan Garza invested $107,000 5 years ago at 8 percent, compounded quarterly. How much has he accumulated? Use Appendix A for an approximate answer but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Future value
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