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In fund X , 1 0 0 , 0 0 0 is invested at a nominal annual interest rate j convertible semiannually. After four years,
In fund X is invested at a nominal annual interest rate j convertible semiannually.
After four years, it will accumulate
In fund Y is invested at a nominal annual discount rate k convertible three times a year.
m convertible on a threeyear basis. After two years, it will accumulate
An investment is made, in fund Z for under an effective annual interest rate j
in the first two years, and at an effective annual discount rate k in the next three years.
Calculate the investment value of the fund Z at the end of the fifth year.
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