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$20, 000 is deposited into an account earning 2% effective annual interest. At the end of each year, the interest earned in that year plus
$20, 000 is deposited into an account earning 2% effective annual interest. At the end of each year, the interest earned in that year plus an additional $500 is withdrawn from this account and put into another account earning 5% effective annual interest. Find the accumulated value in the second account after 40 years (when the first account is completely depleted.)
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