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For the last six years Joe has made deposits of $300 at the end of every six months earning interest at 5% compoundedsemi-annually. If he
For the last six years Joe has made deposits of $300 at the end of every six months earning interest at 5% compoundedsemi-annually. If he leaves the accumulated balance in an account earning 7% compoundedquarterly, what will the balance be inJoe's account at the end of another ten years?
Answer:
The balance in the account will be _?
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)
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