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A client anticipates depositing 2 0 0 at the end of each month for the first year, increasing these deposits at a constant rate of

A client anticipates depositing 200 at the end of each month for the
first year, increasing these deposits at a constant rate of 2% each year.
If this client does not make the anticipated contributions at the end of
the sixth month of each year, calculate how much he will have at the
end of 11 years if the nominal annual interest rate is 12%.

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