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Three deposits are made into a fund as follows: A deposit of 100 now A deposit of 300 in one year A deposit of 500
Three deposits are made into a fund as follows: A deposit of 100 now A deposit of 300 in one year A deposit of 500 in two years An annual simple interest of 6% is credited in the first and second year. For the third year, interest is credited at 5, 0.06e where t is the number of years from now. Find the accumulated value of the fund at the end of three years. A 984 B 988 C 1.035 D 1.081 E 1.113
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