What is accumulated value of the deposits at time three-n
Problem
A fund credits interest at a constant effective rate. The present value of $1.00 due in n years S 0.50. Three deposits of $ 1.00 each are made at times 0,n and 2n. What is the accumulated value of these deposits at time 3n?
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A fund credits interest at constant effective rate. The present value of $1.00 due in n years S 0.50. What is the accumulated value of the deposits at time 3n?
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