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Calculate the accumulated value of an investment of 1,250 after 8 years assuming the annual effective rate of discount is 4% for the first 3
Calculate the accumulated value of an investment of 1,250 after 8 years assuming the annual effective rate of discount is 4% for the first 3 years, the annual nominal rate of interest compounded monthly 9% for the next 2 years and force of interest is 2.5% for the final 3 years. Answer to the nearest cent.
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