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An investment of $2053.38 earns interest at 7.7% per annum compounded annually for 2 years. At that time the interest rate is changed to 8.7%

An investment of

$2053.38

earns interest at

7.7%

per annum compounded

annually

for

2

years. At that time the interest rate is changed to

8.7%

compounded

monthly.

How much will the accumulated value be

1.5

years after the change?

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