Solve for the following problems using compound interest formula. 3. If you start a bank account with $33,000 and your bank compounds the interest quarterly at an interest rate of 8% per annum, how...

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Extracted text: Solve for the following problems using compound interest formula. 3. If you start a bank account with $33,000 and your bank compounds the interest quarterly at an interest rate of 8% per annum, how much money do you have at the year's end ? (assume that you do not add or withdraw any money from the account).