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2. Jeff deposits 10 into a fund today and 20 fifteen years later. Interest for the first 10 years is credited at a nominal discount

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2. Jeff deposits 10 into a fund today and 20 fifteen years later. Interest for the first 10 years is credited at a nominal discount rate of 4% compounded quarterly, and thereafter at a nominal interest rate of 6% compounded semiannually. (a) Calculate Jeff's account value at the end of 20 years. Answer (b) Calculate the amount of interest Jeff earned during the 20th year

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