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Stacey deposits $ 4500 at the end of each year for 30 years into an investment fund which pays out interests at annual effective interest

Stacey deposits $ 4500 at the end of each year for 30 years into an investment fund which pays out interests at annual effective interest rate of 3 %. He is only able to reinvest this interest at an annual effective interest rate of 2 %. What is the accumulated value of his investments at the time of the last investment. Explain your work.

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