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How Much Interest Is Included in the Accumulated Value of $4750

Question 6

Essay

How much interest is included in the accumulated value of $4750 paid at the end of every six months for 4.5 years if the interest rate is 8.5% compounded semi-annually?

Correct Answer:

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FVn = 4750.00 blured image = 4750.00(10.691...

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