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Mr. X has deposited $3153 at the end of each year into a superannuation fund for the last 23 years. His investments earned j1=5.26% p.a.
Mr. X has deposited $3153 at the end of each year into a superannuation fund for the last 23 years. His investments earned j1=5.26% p.a. for the first 18 years and j1=6.93% p.a. for the remaining years. How much money does he have in his account 23 years after his final deposit?
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