Question: At time t = 0, Sirdar invests $2 000 in a fund earning j4 = 8% p.a., but payable annually. He reinvests each interest payment

At time t = 0, Sirdar invests $2 000 in a fund earning j4 = 8% p.a., but payable annually. He reinvests each interest payment in individual separate funds each earning j4 = 9% p.a., 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 funds at t = 10. a. $4 339 O b. $4 485 O c. $4 395 d. $3 964 e. $3 649

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