WSB Inc. will receive payments of $2 thousand every six months for the next three years. It will receive the first of these in six months. It will then get semiannual payments of $3 thousand for the following two years, which means the last payment will be five years from today. If WSB Inc can earn 8% per year with semiannual compounding investing the payments, how much money will WSB have eight years from now? 

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To solve this problem we can use the future value of an annuity formula Well calculate the future va... View the full answer