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Units of $ 1 are deposited at the beginning of each year for n years into a financial instrument offering an interest rate of i
Units of $ are deposited at the beginning of each year for n years into a financial instrument offering an interest rate of i annually. The interests are then re invested into another financial instrument offering the interest rate of j annually. a Derive the accumulated function of deposited fund at the end of n years based on i and j above. b At n i and j calculate a c If j i show that a is equal to the future value of annuity due at interest rate of i
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