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A savings account is opened at time 0 with an initial deposit of $3,000. $2,000 is withdrawn at the end of year 1 and $1,000
A savings account is opened at time 0 with an initial deposit of $3,000. $2,000 is withdrawn at the end of year 1 and $1,000 is deposited at the end of year 2. The account grows by compound interest at a constant annual effective rate i. At the end of year 2, the account balance is $2,430. Find
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