Question: (1 point) (Exercise 4.1) Find the accumulated value 16 years after the first payment is made of an annuity on which there are 6 payments

(1 point) (Exercise 4.1) Find the accumulated value 16 years after

(1 point) (Exercise 4.1) Find the accumulated value 16 years after the first payment is made of an annuity on which there are 6 payments of $1120 each made at 2-year intervals. The nominal rate of interest convertible once every two months is 3.5%. ANSWER = $

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