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Jim deposits 100 into an account that credits: An effective rate of discount of 3% for the first year; An effective rate of discount of
Jim deposits 100 into an account that credits: An effective rate of discount of 3% for the first year; An effective rate of discount of 6% for the second year; An effective rate of discount of 9% for the third year; and delta_t = 0.02t for the fourth and fifth years. How much is in the account at the end of the fifth year? $137 $139 $141 $143 $145
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