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Joseph deposits $1 at the end of each year for 30 years into a bank account that pays interest at the end of each year
Joseph deposits $1 at the end of each year for 30 years into a bank account that pays interest at the end of each year at an interest rate of j%. Each interest payment is reinvested at an annual interest rate of (j/2)%. The accumulated value of Josephs investment at the end of 30 years is $102.88. Determine j.
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