What ways would I solve this? Would I use a timeline as well? You invested $5,000 in
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What ways would I solve this? Would I use a timeline as well?
You invested $5,000 in an account 11 years ago. This account paid 5% compounded annually for the first 5 years, and then the rate jumped to 7% compounded semiannually for the next 2 years, and finally, in the last 4 years, the rate was 8% continuously compounded. How much do you have today?
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