Sandra deposits $3000 at the beginning of each semiannual period for 16 years at 8% interest compounded semiannually. Find the amount she will have on deposit. $98,250.68 $174,985.01 $195,628.59 lo

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Solve the problem
Sandra deposits $3000 at the beginning of each semiannual period for 16 years
at 8% interest compounded semiannually. Find the amount she will have on
deposit.
O$98,250.68
$174,985.01
O $195,628.59
O $185,104.41
lo
Transcribed Image Text:Solve the problem Sandra deposits $3000 at the beginning of each semiannual period for 16 years at 8% interest compounded semiannually. Find the amount she will have on deposit. O$98,250.68 $174,985.01 O $195,628.59 O $185,104.41 lo
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