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$10,000,000 is invested at the start of each year in a savings account. The first deposit was made on 1st January 2010. Determine the final
- $10,000,000 is invested at the start of each year in a savings account. The first deposit was made on 1st January 2010. Determine the final amount on 31st December 2019. Where the interest rate applied is 12% p.a (a) effective (b) convertible quarterly (c) compounded half-yearly.
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