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gewusel gewusel
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7 years ago
Determine the accumulated value after 15 years of deposits of $500.00 made at the beginning of every 6 months and earning interest at 12% compounded monthly?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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wrote...
7 years ago
p =  - 1 = 0.061520151
FVg (due)   = 500 (1.061520151)
   = 500(81.20594577)(1.061520151)
   = $43 100.87
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