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Calculate the account balance six months from today

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Problem: $2,000 is deposited today into a bank account. The account earns 4.3% per annum compounded quarterly for the first 6 years, then 8.6% per annum compounded monthly thereafter. Assuming no further deposits or withdrawals are made.

Required:

Question 1: Calculate the account balance six months from today.

Question 2: Calculate the account balance 6 years from today.

Question 3: Calculate the account balance 6.25 years from today.

Question 4: Calculate the account balance 13 years from today.

Reference no: EM132428737

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