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Previous Problem (1 point) Gerry deposits $2000 at the end of every 3-month period in a fund earning interest at j2 = 8%. If the
Previous Problem (1 point) Gerry deposits $2000 at the end of every 3-month period in a fund earning interest at j2 = 8%. If the fund pays simple interest for the fractional part of any interest period, what is the accumulated value of Gerry's deposits at the end of 5 years? Answer: $ 48594.7396
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Financial Markets And Institutions
Authors: Stanley Eakins Frederic Mishkin
9th Global Edition
1292215003, 978-1292215006
