A person invests $2000 at 3% interest compounded annually for 4 years and then invests the balance

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A person invests $2000 at 3% interest compounded annually for 4 years and then invests the balance (the $2000 plus the interest earned) in an account at 6% interest for 8 years. Find the value of the investment after 12 years.

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Intermediate Microeconomics

ISBN: 978-0393123968

9th edition

Authors: Hal R. Varian

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Posted Date: Apr 30, 2024 03:15 AM

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A person invests $2000 at 3% interest compounded annually for 4 years and then invests the balance

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Intermediate Microeconomics

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