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When Lauren was born on January 1, 1990, her grandparents put $\$1000$ in a savings account in her name. The account earned $7.5\%$ annual interest compounded quarterly every three months. To the nearest dollar, how much money was in her account when she turned two?

 Feb 14, 2021
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1100*(1.075)^2 = 1155.625, which rounds to 1156.

 Feb 14, 2021

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