John invested part of his inheritance at 3.95% compounded monthly. After two years, the rate changed to

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John invested part of his inheritance at 3.95% compounded monthly. After two years, the rate changed to 4.0% compounded quarterly. How much money did John originally invest if he currently has $30 000 in his account after seven years?

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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