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An annuity of $300 pa is paid annually in advance for seven years, followed by $100...

An annuity of $300 pa is paid annually in advance for seven years, followed by $100 pa paid quarterly in arrears for a further five years. The rate of interest is 6% pa convertible half-yearly. Calculate the accumulated amount at the end of twelve years.

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Answer #1

Accumulated amount at the end of 12 years= $4,135.76

Calculation as follows:

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