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Business, 21.04.2020 22:21 kimjooin02

A person deposits $100 at the beginning of each year for 20 years. Simple interest at an annual rate of i is credited to each deposit from the date of deposit to the end of the twenty year period. The total amount thus accumulated is $2840. If instead, compound interest had been credited at an effective annual rate of i, what would the accumulated value of these deposits have been at the end of 20 years

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A person deposits $100 at the beginning of each year for 20 years. Simple interest at an annual rate...
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