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3. Assume that you want to buy a brand new lexus. But since you do not have the fund (F) at the moment, you decide

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3. Assume that you want to buy a brand new lexus. But since you do not have the fund (F) at the moment, you decide to deposit a fixed sum(0) at the start of each year in a savings bank account and interest is compounded annually at r%. Show that the value of this fund after a petiod of t years is F=A0(1+r)r(1+r)t1

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