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4.2 Jack has deposited R6,000 in a money market account with a variable interest rate. The account compounds the interest monthly. Jack expects the interest
4.2 Jack has deposited R6,000 in a money market account with a variable interest rate. The account compounds the interest monthly. Jack expects the interest rate to remain at 8% annually for the first 3 months, at 9% annually for the next 3 months, and then back to 8% annually for the next 3 months. Find the total amount in this account after 9 months
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