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You deposit a single payment of $7200 into an account today. The funds will grow for 6 years at 9% compounded semi-annually. The funds will
You deposit a single payment of $7200 into an account today. The funds will grow for 6 years at 9% compounded semi-annually. The funds will grow for the next five years at a rate of 5.6% compounded quarterly. Find the size of the account at the end of 11 years. (Note this is a single payment problem.)
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