The accumulated money is withdrawn from the account

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Reference no: EM131458642

An individual makes five annual deposits of ?$2500 in a savings account that pays interest at a rate of 3?% per year. Two years after making the last? deposit, the interest rate changes to 5?% per year. Five years after the last? deposit, the accumulated money is withdrawn from the account. How much is? withdrawn?

Reference no: EM131458642

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