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Ross makes the following two deposits into his bank account: $1,500in 6 months and $2,40 in 1 2 months. The bank pays interest at 5%

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Ross makes the following two deposits into his bank account: $1,500in 6 months and $2,40 in 1 2 months. The bank pays interest at 5% pa, compounded quarterly for the first 9 months and 4 .5% pa. compounded quarterly thereafter. How much is in Ross's bank account at 18 months? (Correct to the nearest cent.) (2 marks) 1

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