Question: Please detail how to find the answer!! Future Value Computation What amount will be accumulated in five years if $4,000 is invested every six months
Please detail how to find the answer!!
Future Value Computation What amount will be accumulated in five years if $4,000 is invested every six months beginning in six months and ending five years from today? Interest will accumulate at an annual rate of four percent compounded semiannually. Use Excel or a financial calculator for computation. Round your answer to the nearest dollar.
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