Question: Question 5 10 pts John invests 2000 at time 0 in a fund earning 9% convertible quarterly, but payable annually. He reinvests each interest payment

Question 5 10 pts John invests 2000 at time 0 in a fund earning 9% convertible quarterly, but payable annually. He reinvests each interest payment in individual separate funds each earning 10% 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 11%. Determine the total value of all funds at time 10. Upload Choose a File

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