Philip plans to save every six months in an investment account, with the initial deposit of...
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Philip plans to save every six months in an investment account, with the initial deposit of $1,000 and each succeeding deposit being extra $100. Calculate the amount of the investment after 10 years if the investment earns j2 = 5.8%. Philip plans to save every six months in an investment account, with the initial deposit of $1,000 and each succeeding deposit being extra $100. Calculate the amount of the investment after 10 years if the investment earns j2 = 5.8%.
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