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Esther invests 1 0 0 at the end of each year for 1 2 years at an annual effective interest rate of i . The

Esther invests 100 at the end of each year for 12 years at an annual effective interest rate of i. The interest payments are reinvested at an annual effective rate of 5 percent. The accumulated value at the end of 12 years is 1,748.40.
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