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The amount 1 0 7 5 is deposited into an account at time t = 0 . For the first two years, the account accumulates
The amount is deposited into an account at time For the first two years, the account accumulates interest at a rate During the next two years, the account accumulates discount at an effective annual rate For the following three years, discount accumulates at a rate Then the account accumulates interest at an effective annual interest rate of for three years, followed by years with a force of interest Find the future value.
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