About the simple interest

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Dr. Vettri invests $2, 500 at 8% per year simple interest for 4 years. At the end of this time, he reinvests the entire amount at 6% per year compounded quarterly for another 9 years. How much money will Dr. Vettri have at the end of the 13^th year?

Reference no: EM131307808

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About the simple interest : Dr. Vettri invests $2, 500 at 8% per year simple interest for 4 years. At the end of this time, he reinvests the entire amount at 6% per year compounded quarterly for another 9 years. How much money will Dr. Vettri have at the end of the 13^th year?

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