A fund of 2200 is to be accumulated at the end of 10 years, with payments of
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A fund of 2200 is to be accumulated at the end of 10 years, with payments of 100 at the end of each of the first 5 years and 200 at the end of each of the second 5 years. Find the effective rate of interest earned by the fund.
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Related Book For 
Theory Of Interest And Life Contingencies With Pension Applications A Problem Solving Approach
ISBN: 978-1566983334
3rd Edition
Authors: Asa Michael M. Parmenter, Ph.d.
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