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Calculate the accumulated amount

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Problem - One of the investors directs to the bank to invest his money, provided that the deposit process begins at the beginning of the first year and six semi-annual payments are ideal, the amount of one payment (2000) dinars, and then four payments stop and the creativity resumes and the three equal semi-annual payments are the amount of the payment One (2,500) dinars. Calculate the accumulated amount that can be obtained at the end of the time period, noting that the annual interest rate is 8%.

Reference no: EM132962466

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