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Business, 19.12.2021 21:00 amyaacrawford86

John invests 2000 at time 0 in a fund earning 8% convertible quarterly, but payable annually. He reinvests each interest payment in in- dividual 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 funds at time 10 .

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