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A superannuation fund receives an amount of $449 at the end of each fortnight from one of its members. It invests this amount for the member in a cash fund that pays 6.0% p.a. compounded fortnightly. If this interest rate is maintained, how much would be in the member's account after 14 years, if no charges or taxes are deducted?

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Financial Management, Finance

Category:- Financial Management
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