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Erik is making monthly contributions of of $400 to his savings account which pays interest at the APR of 5.6%%, compounded monthly. Right after Erik

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Erik is making monthly contributions of of $400 to his savings account which pays interest at the APR of 5.6%%, compounded monthly. Right after Erik makes his 20th contribution, the bank changes the APR to 8.4% and Erik makes 53 more $400 contributions. What is Erik's balance right after his last contribution? Submit

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