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Raj deposits 100 into a fund at the end of each 2-year period for 20 years. The fund pays interest at an annual effective rate

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Raj deposits 100 into a fund at the end of each 2-year period for 20 years. The fund pays interest at an annual effective rate of i. The total amount of interest earned by the fund during the 19th and 20th years is 250. Calculate the accumulated amount in Raj's account at the end of year 20. [SOA 5/98 #12]

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