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28 June, 21:38

a. At 6% effective annual interest, how much will be accumulated if $1000 is invested for ten years? b. At 6% effective annual interest, what will be the accumulated amount at the end of ten years if $50 is invested at the end of each year for ten years?

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  1. 29 June, 01:31
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    Explanation - took the test
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