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How much jim can accumulate in a private pension fund over 20 years if the fund offers 5% interest compounded annually, and he can afford
How much jim can accumulate in a private pension fund over 20 years if the fund offers 5% interest compounded annually, and he can afford to deposit $2,000 at the end of every 2nd year?
a)$28,946
b)$32,259
c)$66,132
d) $94,256
e)$117,853
with explenation please
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