Deposits of $2000 are made every 6-months for 6-years in a fund that pays interest at j₂ = 8%.Just after the 12^th deposit,the interest rate changes to j₄ = 8% and quarterly deposits of $1000 are now made,first deposit 3 months after the interest rate change.How much is in the fund immediately after the 20^th deposit of $1000? A)$54,348.98 B)$68,495.94 C)$68,781.09 D)$68,952.48

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The Answer of Deposits of $2000 are made every 6-months for 6-years in a fund that pays interest at j₂ = 8%.Just after the 12^th deposit,the interest rate changes to j₄ = 8% and quarterly deposits of $1000 are now made,first deposit 3 months after the interest rate change.How much is in the fund immediately after the 20^th deposit of $1000? A)$54,348.98 B)$68,495.94 C)$68,781.09 D)$68,952.48

Deposits of $2000 Are Made Every 6-Months for 6-Years in a Fund