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John deposits 100 in a fund paying interest on an annual effective rate of 6% for the first 6 years and 2% for the next
John deposits 100 in a fund paying interest on an annual effective rate of 6% for the first 6 years and 2% for the next 11 years. John reinvests the interests earned at the end of each year in another fund crediting interest at 5% effective. Calculate the accumulated value of Johns original deposit and his reinvested interest.
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