Thermal Systems, a company that specializes in odor control for wastewater treatment plants, made deposits of $100,000 now and $25,000 every 6 months for two years. Determine the future worth after 2 years of the deposits for i =16% per year, compounded bi-weekly (compounded once in two weeks). The future worth after 2 years of the deposits for i =16% per year, compounded bi-weekly (compounded once in two weeks) is $

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
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Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
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ChapterB: Differential Calculus Techniques In Management
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Thermal Systems, a company that specializes in odor control for wastewater treatment plants, made deposits of $100,000 now and $25,000 every 6 months for two years. Determine the future worth after 2 years of the deposits for i =16% per year, compounded bi-weekly (compounded once in two weeks).

The future worth after 2 years of the deposits for i =16% per year, compounded bi-weekly (compounded once in two weeks) is $

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