A fund was established to assist the finances of Pan, who is disabled, after his parents were

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A fund was established to assist the finances of Pan, who is disabled, after his parents were no longer able to provide support. Starting with an initial deposit of $1500, semiannual deposits increasing at a constant rate of 1% were made for 30 years. How much of the accumulated value just after the last deposit was made is interest if interest is 3% compounded semiannually?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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