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Suppose you invest $0.25 every day from the day you are born until you are 65 years old at 11.83%.

Suppose each year on your birthday you increase the daily investment by $0.25.

What will the value be on you 65th birthday?

(Use sum from arithmetic geometric series and assume 365 days in a year)

*Please provide full solution with summation notation*

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92678454

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