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OpenStudy (anonymous):
a regular saving of $500 is made into a sinking fund at the start of each year for 10 years. Determine the value of the fund at the end of the tenth year on the assumption that the rate of interest is A) 11% compounded annually b) 10% compounded continously; the answer for A) should be 9280.71 and B) should be 9028.14
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