Question 1143509
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5% interest compounded annually for 3 years; followed by 8%/4 = 2% interest compounded quarterly for 24 quarters:<br>
{{{(x)((1+.05)^3)((1+.08/4)^(4*6)) = 102408.19}}}<br>
Use a calculator....<br>
The easiest way is with a graphing calculator; graph the two expressions and find their point of intersection.