To help repay debt that will come due in $12$ years, a company places $$20,000$ in an account at the beginning of each six$-$month period. What amount will accumulate in the account at the end of $12$ years, assuming an interest rate of $4\mathrm{.}5\%$ compounded semiannually?

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To calculate the amount that will accumulate in the account ... View the full answer