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Antonio is accumulating a $10 000 fund by depositing $100 each month, starting September 1, 2014. If the interest rate on the fund is j
Antonio is accumulating a $10 000 fund by depositing $100 each month, starting September 1, 2014. If the interest rate on the fund is j12 = 4% until May 1, 2017, and then it drops to j12 = 3%, determine the time and amount of the reduced final deposit.
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