For 20 years I invest $100 a month into an account that pays 4.5% compounded monthly. At the end of…
For 20 years I invest $100 a month into an account that pays 4.5% compounded monthly. At the end of this time I close out the account and invest the closing balance for the next 25 years in an account paying 5.5% compounded continuously. What is the accumulated amount in the account at the end of the 45 year period? Round your answer off to the nearest penny
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