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Diane deposits 400 into a fund that credits an annual effective interest rate of 6%. After 5 years, she transfers her balance into another fund
Diane deposits 400 into a fund that credits an annual effective interest rate of 6%. After 5 years, she transfers her balance into another fund that credits an annual effective discount rate of 8%. Determine the accumulated value of Dianes fund at the end of year 12.
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