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A deposit of \$100,000 is made to an investment fund at the beginning of a year....
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A deposit of \$100,000 is made to an investment fund at the beginning of a year. On the last day of each year, two dividends are awarded:
- 20% of the amount in the account during that year, and
- 45% of the amount in the account in the previous year.
No money is withdrawn. How much is in the account at the end of year 2?
0%
0%
0%
100%