Question: please solve manually not using excel Find the accumulated value 18 years after the first payment is made of an annuity on which there are

please solve manually not using excel Find the accumulated value 18

please solve manually not using excel

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. Ans: 35,824

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