Twelve years ago you deposited 3400 into an account seven, Financial Management

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Twelve years ago you deposited 3400 into an account seven

Twelve years ago, you deposited $3,400 into an account. Seven years ago, you added an additional $1,000 to this account. You earned 6 percent, compounded annually, for the first 5 years and 4.5 percent, compounded annually, for the last 7 years. How much money do you have in your account today?

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Financial Management: Twelve years ago you deposited 3400 into an account seven

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