Question: HW 3B Question 4 This set of problems is designed to be calculated using the Excel or financial calculator . You can also use algebraic

HW 3B

Question 4

This set of problems is designed to be calculated using the Excel or financial calculator. You can also use algebraic formulas. Do not use financial tables to calculate these problems.

You are going to save money for your son's education. You have decided to place $2,792 every half year at the end of the period into a saving account earning 11.64 percent per year, compounded semi-annually for the next 8 years. How much money will be in the account at the end of that time period?

Round the answer to two decimal places.

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