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5 years ago, you invested $1,200 in a 10-year savings account at bank A that has a 10% penalty on early withdrawals. Today, you found

5 years ago, you invested $1,200 in a 10-year savings account at bank A that has a 10% penalty on early withdrawals. Today, you found that bank B offers twice the rate that bank A was offering. You decide to withdraw the money and invest all the proceeds $1,550 in bank Bs savings account. How much money will you have after 5 years?

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