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You have consulted with a financial advisor and you have developed the following financial plan. You invest $1,500 today, $3,200 two years from today, and
You have consulted with a financial advisor and you have developed the following financial plan. You invest $1,500 today, $3,200 two years from today, and $5,000 five years from today in an account yielding 9.63% compounded daily. 6 years from today you withdraw $5,500 from the account to buy an engagement ring. 10 years from today the account switches to continuous compounding. How much will be in the account 14 years from today?
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