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Calculate the accumulated amount at the end of 19 years of the following regular series of payments made into a savings plan: 1527 pa paid
Calculate the accumulated amount at the end of 19 years of the following regular series of payments made into a savings plan: 1527 pa paid weekly in arrears for years 2 to 6 and then 1124 pa paid quarterly in arrears for years 11 to 19. Consider that the fund in the savings plan accumulates compoundly at an effective rate of interest of 4.0% pa and that withdrawals from the fund are not possible during the term
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