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A deposit of 1 is made at the end of each year for 30 years into a bank account that pays interest at the end
A deposit of 1 is made at the end of each year for 30 years into a bank account that pays interest at the end of each year at j per annum. Each interest payment is reinvested to earn an annual effective interest rate of j / 2 . The accumulated value of these interest payments at the end of 30 years is 72.88. Determine j (no calculator please)
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