What is the future worth of the following series of payments? (a) $20,000 at the end of
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What is the future worth of the following series of payments?
(a) $20,000 at the end of each six-month period for five years at 8% compounded semiannually.
(b) $60,000 at the end of each quarter for 10 years at 6% compounded quarterly.
(c) $13,000 at the end of each month for six years at 9% compounded monthly.
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