Assume you make monthly deposits of $200 starting 1 month from now into an account that pays
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Assume you make monthly deposits of $200 starting 1 month from now into an account that pays 6% per year, compounded semiannually. If you want to know how much you will have after 4 years, the value of i you should use in the F∕A factor, assuming no interperiod interest, is:
(a) 0.5%
(b) 3.00%
(c) 6.0%
(d) 12.0%
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