Question: A regular saving of $500 is made into a sinking fund at the start of each year for 10 years. Determine the value of the

A regular saving of $500 is made into a sinking fund at the start of each year for 10 years. Determine the value of the fund at the end of the 10th year on the assumption that the rate of interest is

a)11% compound annually,

b)10% compound continously

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