Solution-Accumulated value of fund

Accumulated value of fund

Reference no: EM131041659

Mrs. Tong makes semi-annual deposits into a fund earning interest at j2 = 8% p.a. Her first deposit is $2500 and each succeeding deposit is 6% higher than preceding deposit. What is the accumulated value of her fund immediately after her 15th deposit.

Reference no: EM131041659

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Accumulated value of fund : Mrs. Tong makes semi-annual deposits into a fund earning interest at j2 = 8% p.a. Her first deposit is $2500 and each succeeding deposit is 6% higher than preceding deposit. What is the accumulated value of her fund immediately after her 15th depo..

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Accumulated value of fund

Reference no: EM131041659

Reference no: EM131041659

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