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Michael made the following deposits in a fund paying annual effective rate of interest of 3.5%: (i)$60 at the beginning of years 1 - 11

Michael made the following deposits in a fund paying annual effective rate of interest of 3.5%:

(i)$60 at the beginning of years 1 - 11

(ii) No deposits at the beginning of years 12 - 16

(iii)$100 at the beginning of years 17 - 35.

How much did Michael accumulate at the end of 35 years?

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