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Jean invested $348,279 in a fixed deposit at 7.5% per annum. After 2 years, the bank increased the interest rate to 9% per annum, which
Jean invested $348,279 in a fixed deposit at 7.5% per annum. After 2 years, the bank increased the interest rate to 9% per annum, which would be applicable to the current fixed deposits as well. How much money will Jean receive in excess of her expected $500,000 by the end of 5 years
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