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Q1 thirteen years ago, you deposited 2400$ into a super annulation fund eight years ago you added on additional 1000$ to this account you earned
Q1 thirteen years ago, you deposited 2400$ into a super annulation fund eight years ago you added on additional 1000$ to this account you earned 8% compounded annually for the first 5 years and 6% compounded semi-annually for the last 8 years.
A: compute the effective annual interest rate you got in the last 8 years?
B: how much money do you have in your a/c today?
c: if you wish to have 10000$ what would be the interest rate compounded annually be in the last 8 years?
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