[Answered] Michael made the following deposits in a fund paying annual effective rate of interest of 3.5%: (i) $60 at the

Michael made the following deposits in a fund paying annual effective rate of interest of 3.5%: (i) $60 at the beginning of years 1 – 11 (ii) No deposits at the beginning of years 12 – 16 (iii) $100 at the beginning of years 17 – 35. How much did Michael accumulate at the end of 35 years

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