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(a) Carl deposits $100 in a fund crediting interest at an effective rate i. At the end of each year, the interest earned is reinvested

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(a) Carl deposits $100 in a fund crediting interest at an effective rate i. At the end of each year, the interest earned is reinvested in another fund crediting interest at only 80% of i. At the end of 10 years, the accumulated value in both funds combined is $190.55. Determine i. (b) Assume now that $100 is deposited at the beginning of each year for 10 years in a fund crediting interest at an effective rate i. At the end of each year, the interest earned is reinvested in another fund crediting interest at only 80% of i. At the end of 10 years, the accumulated value in both funds combined is $1,577.16. Determine i (a) Carl deposits $100 in a fund crediting interest at an effective rate i. At the end of each year, the interest earned is reinvested in another fund crediting interest at only 80% of i. At the end of 10 years, the accumulated value in both funds combined is $190.55. Determine i. (b) Assume now that $100 is deposited at the beginning of each year for 10 years in a fund crediting interest at an effective rate i. At the end of each year, the interest earned is reinvested in another fund crediting interest at only 80% of i. At the end of 10 years, the accumulated value in both funds combined is $1,577.16. Determine

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