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Five deposits increasing at a rate of 3% are made at the end of each year. The size of the first deposit is $4000 and
Five deposits increasing at a rate of 3% are made at the end of each year. The size of the first deposit is $4000 and the fund earns interest at 6% compounded annually.
- What is the accumulated value of the deposits?
- What is the present value of the deposits?
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
