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From Different Rates Section: 3. Quid Pro Quo moves $1,500,000 installments, every six months, into a tax haven account for the past six years, where
From "Different Rates" Section:
3. Quid Pro Quo moves $1,500,000 installments, every six months, into a tax haven account for the past six years, where it earns interest on a semiannual basis. The first four installments earned a nominal rate of 8%, the next four installments earned a nominal rate of 6%, and the last four installments earned a nominal rate of 10%. What is the current value of the account?
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