Determine the future amount of money that will be withdrawn when i= 12% per year, compounded semiannually and the annual payments are $1000 for 6 years, starting 12 years from now. Select one: O a. 8189.0 O b. 9826.8 O c. 11464.0 O d. 13102.4 O e. 14740.2 O f. 16378

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Economics
Determine the future amount of money that will be withdrawn when i= 12% per year, compounded semiannually and the annual payments are
$1000 for 6 years, starting 12 years from now.
Select one:
O a. 8189.0
O b. 9826.8
Oc. 11464.0
O d. 13102.4
O e. 14740.2
O f. 16378
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Transcribed Image Text:Economics Determine the future amount of money that will be withdrawn when i= 12% per year, compounded semiannually and the annual payments are $1000 for 6 years, starting 12 years from now. Select one: O a. 8189.0 O b. 9826.8 Oc. 11464.0 O d. 13102.4 O e. 14740.2 O f. 16378 Next page
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