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Your father invested $50,000 for your education in the year 2000 in ABC bank. The bank paid 8.00% per annum, compounded semi-annually and credited the
Your father invested $50,000 for your education in the year 2000 in ABC bank. The bank paid 8.00% per annum, compounded semi-annually and credited the proceeds to your account in the year 2022. You have directed the bank to deposit this amount for 3 years at 8.25% compounded annually. How much will you have in your account in 2025?
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