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7. Suppose you open an account for your children with GH10,000. The account is to earn 5% interest initially for 4 years and 10% thereafter.

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7. Suppose you open an account for your children with GH10,000. The account is to earn 5% interest initially for 4 years and 10% thereafter. You are to find the total amount that will be in her account at the end of 7 years. a) 11,576 b) 16,178 c) 14,071 d) 12,762

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