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Equal end - of - period semiannual payments of $ 5 0 0 , increasing by 2 0 percent with each subsequent payment, are made
Equal endofperiod semiannual payments of $ increasing by percent with each
subsequent payment, are made to a fund paying percent compounded continuously.
a What will the fund amount to after years?
b What is the present worth equivalent of the total set of payments?
c What is the equal semiannual equivalent amount of the payments?
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