Question
3. Three deposits are made into a fund as follows: A deposit of 100 now A deposit of 300 in one year A deposit
3. Three deposits are made into a fund as follows: A deposit of 100 now A deposit of 300 in one year A deposit of 500 in two years An annual simple interest of 6% is credited in the first and second year. For the third year, interest is credited at St = 0.06t where t is the number of years from now. Find the accumulated value of the fund at the end of three years.
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
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