14. John deposits $500 at the beginning of each year for 2 years into a fund...

14. John deposits $500 at the beginning of each year for 2 years into a fund that earns 8% annual effective. Half of the interest is reinvested at 10% annual effective and the remaining half is reinvested in John's pocket which will earn 0% interest. Calculate the accumulated value in all accounts after 10 years has passed.

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jeff jeffy answered 1 year ago

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