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2. An annuity pays 1 dollar at time 1/m, 2/m, . 1. The annual effective interest rate is given by . Determine the accumulated value

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2. An annuity pays 1 dollar at time 1/m, 2/m, . 1. The annual effective interest rate is given by . Determine the accumulated value of this annuity at time 1 (in terms of m and i)

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