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Roxy took a loan of $100,000 four and a half years ago. The interest rate on the loan was 4% compounded semi-annually for the first

Roxy took a loan of $100,000 four and a half years ago. The interest rate on the loan was 4% compounded semi-annually for the first six months and 8% compounded semi-annually thereafter. Calculate the accumulated value of the loan today. [$139,594.04]

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