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Calculate the accumulated value of the fund

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On January 1, 2016, Sam deposits $1000 in a fund for which the force of interest is zero during the first year, and then at time t, where t ≥ 1, where t is the number of years since January 1, 2016, is expressed by 0.1(t -1)?2. Calculate the accumulated value of the fund on January 1, 2020.

Reference no: EM131097886

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