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Lorna deposited $1,600, at the beginning of every six months for 10 years, in an account at her credit union. If the account paid 10% interest, compounded semiannually, use Table 1 from your text to find the future value of her account. O $48,862.41 O $52,905.53 O $55,550.80 O $61,608.34

Lorna deposited $1,600, at the beginning of every six months for 10 years, in an account at her credit union. If the account paid 10% interest, compounded semiannually, use Table 1 from your text to find the future value of her account. O $48,862.41 O $52,905.53 O $55,550.80 O $61,608.34

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Please use table 12-1 method! 

Lorna deposited $1,600, at the beginning of every six months for 10 years, in an account at her credit union. If the account paid 10% interest, compounded semiannually, use Table 12- 1 from your text to find the future value of her account. $48,862.41 $52,905.53 $55,550.80 $61,608.34 OOO
Transcribed Image Text:Lorna deposited $1,600, at the beginning of every six months for 10 years, in an account at her credit union. If the account paid 10% interest, compounded semiannually, use Table 12- 1 from your text to find the future value of her account. $48,862.41 $52,905.53 $55,550.80 $61,608.34 OOO
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