Question: Peter has saved $2,000 per year for the last 8 years in savings account earning 3.1% compounded annually. If he plans to leave the accumulated

Peter has saved $2,000 per year for the last 8 years in savings account earning 3.1% compounded annually. If he plans to leave the accumulated savings for 3 years in the saving account at 4.8% of interest compounded monthly, how much will be accumulated in his account?

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