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You open an account by depositing 1000 into a fund at time zero. During the first four years, the fund pays interest at an annual
You open an account by depositing 1000 into a fund at time zero. During the first four years, the fund pays interest at an annual nominal interest rate of 7% compounded quarterly. For the next six years, the fund pays interest at an annual nominal interest rate of 6.52% compounded monthly. What is the balance in your account at the end of the ten-year period? Enter your answer with two digits of accuracy after the decimal point
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