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OpenStudy (anonymous):
You deposit $6,000 in an account that pays 5.25% interest compounded semiannually. After ten years, the interest rate is increased to 5.4% compounded quarterly. What will be the value of the account after 8 more years? (Do not round until the final answer. Then, round to the nearest cent.)
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OpenStudy (anonymous):
Stick this in your calculator: \[ 6000*1.0525^{20}*1.054^{32} \]
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