Deposits of $1000 Are Made at the End of Every

question 49

Multiple Choice

Deposits of $1000 are made at the end of every half year into a fund earning interest at j₁ = 10%.The fund credits simple interest for any fractional part of an interest period.How much is in the fund at the end of 10 years?

• A)$31,874.80
• B)$32,652.74
• C)$32,671.72
• D)$33,468.54

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