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November 23, 2014

Homework Help: FINANCE

Posted by lily on Wednesday, December 7, 2011 at 2:00pm.

You deposit $2,000 in an account that pays 8% interest compounded semiannually. After 4 years, the interest rate is increased to 8.28% compounded quarterly. What will be the value of the account after 4 more years? (Do not round until the final answer. Then, round to the nearest cent.)

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