Calculate the amount that will be accumulated after 20 years if:
a) $1000 is invested at the beginning of every six months at 8.5% compounded semiannually.
b) $2000 is invested at the beginning of every year at 8.5% compounded annually.

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The Answer of Calculate the amount that will be accumulated after 20 years if:
a) $1000 is invested at the beginning of every six months at 8.5% compounded semiannually.
b) $2000 is invested at the beginning of every year at 8.5% compounded annually.

Calculate the Amount That Will Be Accumulated After 20 Years