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2. Daves dad is saving money for his retirement. In the last five years; he invests $1,800 every 6 months in a mutual fund that
2. Daves dad is saving money for his retirement. In the last five years; he invests $1,800 every 6 months in a mutual fund that pays 8% compounded semi-annually. Now, the rate drops to 5.8% compounded quarterly and he wants to deposit $1,200 every quarter for another five years. How much money will he has at the end of ten years?
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