Siyi Ma deposits $1 at the end of each year for 30 years into a bank account
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Question:
Siyi Ma 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 Siyi's
investment at the end of 30 years is $102.88. Determine j.
.
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