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Q. A deposit of $3,000 earns interest at 8% pa. compounded quarterly for four years and five months. At that time, the interest rate changes

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Q. A deposit of $3,000 earns interest at 8% pa. compounded quarterly for four years and five months. At that time, the interest rate changes to 7% p.a. compounded monthly. What is the value of the deposit three years after the change in the rate of interest

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