You expect to invest $1,000 every six months for next 3 years, totaling six payments. First payment

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You expect to invest $1,000 every six months for next 3 years, totaling six payments. First payment will be made six months from today. The account will pay an interest rate 16 percent compounded annually.

What is the future value of these payments. that. How much money will you have in the account at the end of the third year?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: May 30, 2023 02:11 AM

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You expect to invest $1,000 every six months for next 3 years, totaling six payments. First payment

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To calculate the future value of the payments we can use the ... View the full answer

Intermediate Accounting

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