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Calculate the accumulated value of an investment of 4,250 after 7 years assuming the annual effective rate of discount is 6% for the first 2
Calculate the accumulated value of an investment of 4,250 after 7 years assuming the annual effective rate of discount is 6% for the first 2 years, the annual nominal rate of interest compounded monthly 6.6% for the next 3 years and force of interest is 4.5% for the final 2 years. Answer to the nearest cent.
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