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Andrew wants to save enough money so that he has $75,000 accumulated in a fund at the end of 3n years (for some unknown integer
Andrew wants to save enough money so that he has $75,000 accumulated in a fund at the end of 3n years (for some unknown integer n). Andrew deposits $500 in the fund on the last day of each of the first n years, and deposits $1,000 in the fund on the last day of each of the last 2n years. The annual effective rate of interest is i. If (1 + i)" = 2.0, find
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