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You deposit $1000 in an account that pays 8% interest compounded semiannually. After 4 years, the interest rate is increased to 8.40% compounded quarterly. What

You deposit $1000 in an account that pays 8% interest compounded semiannually. After 4 years, the interest rate is increased to 8.40% compounded quarterly. What will be the value of the account after a total of 8 years?

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