Savings are expected to be 0 at the end of the first six months, to be $3,000 at the end of the second six months, and to increase by $3000 at the end of each six-month period thereafter, for a total of five years. It is desired to find the equivalent uniform amount at the end of each of the ten six-month periods if the nominal interest rate is 14% compounded semiannually. 6,102 11.838 $ 33.776 83,1485

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Calculating the Return On A Loan