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You are given the following table of interest rates: A person deposits 1000 on January 1, 1997. Compute the accumulated value of the 1000 on
You are given the following table of interest rates:
A person deposits 1000 on January 1, 1997. Compute the accumulated value of the 1000 on January 1, 2002 based on (a) the investment year method (b) the portfolio method (c) a method where the balance is withdrawn at the end of every year and is reinvested at the new money rate.
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