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1. * At the end of every year an investor pays 2,000 towards additional voluntary contributions to build up a private pension fund. The


 

1. * At the end of every year an investor pays 2,000 towards additional voluntary contributions to build up a private pension fund. The investor intends to retire in 30 years and wants the pension fund to contain at least 100,000 at the date of retirement. What is the annual effective rate at which the contributions should accumulate? (Perform a few steps of both the bisection method and the interpolation method with suitable starting values)

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