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Three years from now, Jane will deposit the first of eight payments of $1,000.00 into a specialised investment fund offered by her local credit union.

Three years from now, Jane will deposit the first of eight payments of $1,000.00 into a specialised investment fund offered by her local credit union. The fund will earn interest at a rate of 5 percent per year until the third deposit is made. Afterwards, the fund will return a reduced interest rate of 4 percent compounded annually until the final deposit is made. 


Construct the timeline. How much money will the investor have in this investment vehicle at the end of ten years assuming no withdrawals

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