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A deposit of $11000 earns interest at 8.5% p.a. compounded quarterly. After two-and-a-half years, the interest rate is changed to 5% compounded monthly. How much

A deposit of $11000 earns interest at 8.5% p.a. compounded quarterly. After two-and-a-half years, the interest rate is changed to 5% compounded monthly. How much is the account worth after 6 years?

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