The accumulation of interest in an account is governed by the following: (a) a nominal interest...

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The accumulation of interest in an account is governed by the following: (a) a nominal interest rate convertible semiannually of 9% for the first 3 years, (b) a nominal discount rate convertible quarterly of 10% for the following 2 years, (c) effective discount rate of d= 7% for the next 2 years, (d) effective interest rate i = 12% thereafter. Roger makes an initial deposit of $100. He makes no subsequent deposits or withdrawals, and liquidates his account after 10 years. Calculate the amount he is able to withdraw at that time. The accumulation of interest in an account is governed by the following: (a) a nominal interest rate convertible semiannually of 9% for the first 3 years, (b) a nominal discount rate convertible quarterly of 10% for the following 2 years, (c) effective discount rate of d= 7% for the next 2 years, (d) effective interest rate i = 12% thereafter. Roger makes an initial deposit of $100. He makes no subsequent deposits or withdrawals, and liquidates his account after 10 years. Calculate the amount he is able to withdraw at that time.

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