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F2.2.1 [15 points] At the beginning of each year, you are paid 2,000 that goes into an account that earns interest at a rate of
F2.2.1 [15 points] At the beginning of each year, you are paid 2,000 that goes into an account that earns interest at a rate of 5% per year. These deposits must remain in this account until eight years have passed. You deposit the interest earned by this account into a secondary account that carns interest at a rate of 8% per year. What is the total accumulated value in your accounts when eight years have passed
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