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Twelve years ago, Jordan invested a sum of $ 4 , 5 0 0 . The interest rate he earned changed over time: During the

Twelve years ago, Jordan invested a sum of $4,500. The interest rate he earned changed over time: During the first four years, he earned 4 percent annually compounded, during the following three years he earned 6.5 percent compounded quarterly, and during the final five years, he earned 9 percent continuously compounded. Find the value of this investment at the end of the 12th year.

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