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$P is deposited today in a fund which earns i (12= 6% for the first year, i (4) = 6% for the second year and

$P is deposited today in a fund which earns i (12= 6% for the first year, i (4) = 6% for the second year and i (2) = 6% thereafter. At the end of 4 years from today, there is $12,000 in the fund. What is P?

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