A company deposits $1000 in a bank at the beginning of each year for 6 years. The

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A company deposits $1000 in a bank at the beginning of each year for 6 years. The account earns 8% interest, compounded every 6 months. What is the future worth of the account at the end of 6 years? Make a careful, accurate computation.

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Engineering Economics

ISBN: 9780195168075

9th Edition

Authors: Ted G. Feller

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Question Posted: Feb 25, 2010 05:07 AM

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A company deposits $1000 in a bank at the beginning of each year for 6 years. The

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Using single payment compound amount factors F 1000 FP 4 1...View the full answer

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