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Suppose you deposit $6000 in an account that pays 5.25% interest compounded semiannually. After 10 years the interest rate is increased to 5.4% compounded quarterly.
Suppose you deposit $6000 in an account that pays 5.25% interest compounded semiannually. After 10 years the interest rate is increased to 5.4% compounded quarterly. What is the value of the account after 18 years? $15,000 $15,221 $15, 473 $15, 742
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