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| rev | Admin | (Created page with "At the beginning of each year, a payment of 5000 is invested in a fund. The payments earn an annual effective interest rate of 8%. At the end of each year, the interest is reinvested in the fund at an annual effective interest rate of 5%. The amount in the fund at the end of ten years, immediately prior to the 11 th annual payment, is X. Calculate X to the nearest 100. <ul class="mw-excansopts"><li>67,600</li><li>70,300</li><li>75,700</li><li>78,200</li><li>80,700</li>...") | Nov 18'23 at 19:40 | +506 |