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You invest $75,000 today in a security that offers an initial interest rate of 3.6% compounded semiannually. After 8 years the interest rate increases to
You invest $75,000 today in a security that offers an initial interest rate of 3.6% compounded semiannually. After 8 years the interest rate increases to 6% compounded quarterly, and after 15 years the interest rate increases to 9% compounded monthly. What is the investment worth in 30 years when you retire?
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