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Aimee If $8000 is deposited today in a saving account that pays interest at the rate of 4% per year, compounded annually for seven years,
Aimee If $8000 is deposited today in a saving account that pays interest at the rate of 4% per year, compounded annually for seven years, and then the accumulated money is invested at a simple interest rate of 8% for five years after the end of the seven years what is the total interest amount eamed at the end of this 12 year-investment
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