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Q 3-18 You deposit 500 at t = 0 and 1,000 at t = 3 to an account that earns an effective rate of discount

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Q 3-18 You deposit 500 at t = 0 and 1,000 at t = 3 to an account that earns an effective rate of discount d= 7.5%. Find the account value at time 12

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