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A deposit of $450.00 is made in an account which earns 8% compounded monthly for 4 year(s) and 3% compounded annually for the next 7

A deposit of $450.00 is made in an account which earns 8% compounded monthly for 4 year(s) and 3% compounded annually for the next 7 years. State the value of the account at the end of 11 years.

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