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Theory of interest Nate would like to buy a used car in four years. He has 6000 invested in a mutual fund today. The fund

Theory of interest

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Nate would like to buy a used car in four years. He has 6000 invested in a mutual fund today. The fund will earn an annual effective interest rate of 6% for the rst two years. Then for the next two years, the fund will earn a force of interest rate of 1 3+ 2r. Calculate the accumulated value of the mutual fund after four years a,=

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