Question

Mark deposits $1,700 into an account on January 1, 2005. The account credits interest at an...

Mark deposits $1,700 into an account on January 1, 2005. The account credits interest at an effective anual rate of 4.2% every December 31. Mark withdraws $230 on January 1, 2007, deposits $120 on January 1, 2008, and withdraws $310 on January 1, 2010. What is the balance in the account just after interest is credited on December 31, 2011?

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