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Jacob invests $1000 at the end of each year for 7 years in a fund earning 8% effective. He reinvests the interest earned at the

Jacob invests $1000 at the end of each year for 7 years in a fund earning 8% effective. He reinvests the interest earned at the end of each year at 3% effective. How much does Jacob have in total at the end of 7 years? AV=?

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