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Jenn deposits 2000 into a bank account. The bank credits interest at a nominal annual rate of i convertible semi annually for the first 12
Jenn deposits 2000 into a bank account. The bank credits interest at a nominal annual rate of i convertible semi annually for the first 12 years and at a nominal annual rate of 2i convertible quarterly for all years thereafter. The accumulated amount in the account at the end of 6 years is X. The accumulated amount in the account at the end of 21 years is 4300. Find X.
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