2.2. Suppose £5000 is invested for twenty years, if the interest is compounded annually at a nominal rate of 5%, 7% and 10%. V₁ = Vo (1 + 7) ™ a. Calculate the amount accumulated at the end of twenty years at 5%? b. Calculate the amount accumulated at the end of twenty years 7%? c. Calculate the amount accumulated at the end of twenty years 10%?

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