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2. Today is 1 July 2019. John needs $160,000 on 1 January 2024. He plans to invest $80,000 into a fund today. John predicts that

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2. Today is 1 July 2019. John needs $160,000 on 1 January 2024. He plans to invest $80,000 into a fund today. John predicts that the return rate of this fund will be 1 July 2019 to 30 June 2021 12 = 5.1% 1 July 2021 to 31 December 2023 j2 = 5.3% a. Calculate the accumulated value of John's fund investment on 1 January 2024 (round your answer to four decimal places.)

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