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6) A deposit of $2,500 is invested at time 0. The annual effective rate of interest is 2% from time O to time 6
6) A deposit of $2,500 is invested at time 0. The annual effective rate of interest is 2% from time O to time 6 years. The annual effective interest rate of discount is 2.5% from time 6 to time 10, and the annual force of interest is 3% thereafter. Find the accumulated value of the investment at time 13 years.
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Financial Accounting
Authors: Belverd E. Needles, Marian Powers
11th edition
1133769314, 053847601X, 9781133715023, 978-1133769316, 1133715028, 978-0538476010
