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Jennifer deposits 1,000 into a bank account. The bank credits interest at an annual nominal rate of i convertible semi-annually for the first 7 years

Jennifer deposits 1,000 into a bank account. The bank credits interest at an annual nominal rate of i convertible semi-annually for the first 7 years and an annual nominal rate of 2i convertible quarterly for all years thereafter.

The accumulated amount in the account at the end of 5 years is X.

The accumulated amount in the account at the end of 10.5 years is 1,980.

Calculate X:

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