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Harry decided to deposit $2000 into a bank at the beginning of each year for the next 25 years until he retires, the interest rate
Harry decided to deposit $2000 into a bank at the beginning of each year for the next 25 years until he retires, the interest rate offered to him was 7% p.a compounded annually. At the beginning of the 17th year, Harry could no longer keep investing and he decided to transfer all the money to another bank which would pay him 8% p.a compounding annually. He decides to keep the money in this bank until he retires. How much money will Harry receive on the day of his retirement
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