Question: Find the accumulated value 18 years after the first payment is made of an annuity on which there are 8 payments of 2000 each

Find the accumulated value 18 years after the first payment is made

Find the accumulated value 18 years after the first payment is made of an annuity on which there are 8 payments of 2000 each made at two-year intervals. The nominal rate of interest convertible semiannually is 7%. Answer to the nearest dollar.

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Accumulated value 2000 1 00728 10072 1 007218 2000 10358 100... View full answer

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