An investment of 15000 is made into a savings account the


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An investment of $15000 is made into a savings account. The interest rate to be paid each year is uncertain; however, it is estimated that it is twice as likely to be 6% as it is to be 4%, and is equally like to be either 6% or 8%. Determine the probability distribution for the amount in the fund after 3 years, assuming the interest rate is not autocorrelated.

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Financial Management: An investment of 15000 is made into a savings account the
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