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Question

Twenty years ago Harminder invested $2,000. For the first 10 years he earned 13% compounded semiannually. For the next 10 years he earned 8% compounded quarterly. To the nearest dollar, what was the value of the investment now, at the end of the 20 years?

▸ $5,927

▸ $9,185

▸ $17,292

▸ $14,732

▸ $15,561

Answer

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