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What is the amount in the account after twelve years

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Find the final amount in the following retirement account, in which the rate of return on the account and the regular contribution change over time. $286 per month invested at 5%, compounded monthly, for 6 years; then 658 per month invested at 6%, compounded monthly, for 6 years.

Question 1: What is the amount in the account after 12 years?

Reference no: EM132605594

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