Question: Peter has saved $1,700 per year for the last 7 years in savings account earning 5.5% compounded annually. If he plans to leave the accumulated

Peter has saved $1,700 per year for the last 7 years in savings account earning 5.5% compounded annually. If he plans to leave the accumulated savings for 4 years in the saving account at 4.0% of interest compounded monthly, how much will be accumulated in his account?

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