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We have 1200 euro today and we want to invest this amount for 6 years with simple interest rule. For the first 2 years it

We have 1200 euro today and we want to invest this amount for 6 years with simple interest rule. For the first 2 years it is applied the interest rate of 6% while for the remaining period it is used i4=0.01. Determine the final value of the investment.

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