Preheat your oven to 325°F (165°C). Grease and flour a 10-inch Bundt pan or two loaf pans.
Cream the Butter and Sugar:
In a large mixing bowl, cream the softened butter, vegetable oil, and sugar together using an electric mixer until light and fluffy, about 3-4 minutes.
Add the Eggs:
Beat in the eggs one at a time, making sure each one is fully incorporated before adding the next.
Combine the Dry Ingredients:
In a separate bowl, whisk together the flour, baking powder, and salt. Gradually add the dry ingredients to the wet ingredients, alternating with the milk, beginning and ending with the flour mixture. Mix until just combined.
Add the Flavors:
Stir in the vanilla, almond, coconut, and lemon extracts until the batter is smooth and well blended.
Bake the Cake:
Pour the batter into the prepared pan(s) and smooth the top. Bake in the preheated oven for 60-75 minutes (depending on the pan size), or until a toothpick inserted into the center of the cake comes out clean. If you’re using a loaf pan, start checking after 60 minutes.
Cool and Serve:
Allow the cake to cool in the pan for 10-15 minutes before transferring it to a wire rack to cool completely. Slice and serve once fully cooled.
Serving and Storage Tips:
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