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QUESTION
oday at 4% compounded monthly, but after 10 years the interest rate increases to 7% compounded semiannually, what is the investment worth in 20 years?...
If you invest $100,000 today at 4% compounded monthly, but after 10 years the interest rate increases to 7% compounded
semiannually, what is the investment worth in 20 years?
