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Ali deposits $100 into a fund today and $200, 10 years later. Interest is credited at a nominal discount rate compounded monthly for the first
Ali deposits $100 into a fund today and $200, 10 years later. Interest is credited at a nominal discount rate compounded monthly for the first 5 years, and at a nominal interest rate of 6% compounded semi-annually thereafter. The accumulation balance in the fund at the end of 20 years is 1000 calculate d.
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