Jim Duggan made an investment of $10,000 in a savings account 10 years ago. This account paid
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Jim Duggan made an investment of $10,000 in a savings account 10 years ago. This account paid interest of 51/2% for the first 4 years and 61/2% interest for the remaining 6 years. The interest charges were compounded quarterly. How much is this investment worth now?
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a F 16 10000 1 00554 16 1244211 F 10 1244211 1 00654 24 1831924 b 1831924 1 i ...View the full answer
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