Question: At time t = 0 , Sebastian invests 2 0 0 0 in a fund earning 8 % convertible quarterly, but payable annually. He reinvests

At time t =0, Sebastian invests 2000 in a fund earning 8% convertible
quarterly, but payable annually. He reinvests each interest payment in
individual separate funds each earning 9% convertible quarterly, but
payable annually. The interest payments from the separate funds are
accumulated in a side fund that guarantees an annual effective rate of
7%. Determine the total value of all the funds at t =10.

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