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3. An investment of $1500 earns interest at 3% compounded monthly for 2 years. At that time, the interest changes to 2% compounded quarterly for

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3. An investment of $1500 earns interest at 3% compounded monthly for 2 years. At that time, the interest changes to 2% compounded quarterly for 3 years. Calculate the amount of the investment at the end of this time. ans: $1690.87

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