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For the last six years Joe has made deposits of $400 at the end of every six months earning interest at 5 % compounded semi-annually.

For the last six years Joe has made deposits of $400 at the end of every six months earning interest at 5 % compounded semi-annually. If he leaves the accumulated balance in an account earning 7 % compounded quarterly, what will the balance be in Joe's account at the end of another eight years?

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