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Ten years ago, investment guru Guido bought a stock of the company Harv Inc., which has been reliably providing him with a dividend of $
Ten years ago, investment guru Guido bought a stock of the company Harv Inc., which has been reliably providing him with a dividend of $ per month since then. Guido always diligently placed each of these dividends into an account that pays annually and interest on any balance in this account today will continue to accrue into the future
However, today he sold this stock in order to buy shares in McQueen Corp., which provides quarterly dividends of $ Guido's plan is to place each of these dividends into an account that pays with semiannual compounding.
How much money will he have in total sum of both accounts in years from today?
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