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$8,970 was invested at 6.7%, compounded semi-annually for 1 years and then at 3%, compounded monthly for 4 years. Part A: How much will the

$8,970 was invested at 6.7%, compounded semi-annually for 1 years and then at 3%, compounded monthly for 4 years.

Part A: How much will the $8,970 investment be worth at the end of the 6^th year?

Part B: What was the nominal average rate of return, compounded quarterly,earned over the entire 6 year period?

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