Posted by **Emily** on Wednesday, January 26, 2011 at 3:16pm.

On July 1, 1996, Anna invested $2000 in an account that earned 6%/a compounded monthly. On July 1, 2001, she moved the total amount to a new account that paid 8%/a compounded quarterly. Determine the balance in her new account on January 1, 2008.

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