For the first seven years, interest is 12% per year compounded monthly and for the last three years, the interest drops

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answerhappygod
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For the first seven years, interest is 12% per year compounded monthly and for the last three years, the interest drops

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For the first seven years, interest is 12% per year compoundedmonthly and for the last three years, the interest drops to 10% peryear compounded annually.
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