To start a new business Beth deposits $2000 at the end of each six-month period in an account that pays 7%, compounded semiannually. How much will she have at the end years? At the end of 9 years, Beth will have approximately S (Do not round until the final answer. Then round to the nearest hundredth as needed.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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To start a new business Beth deposits $2000 at the end of each six-month period in an account that pays 7%, compounded semiannually. How much will she have at the end
years?
At the end of 9 years, Beth will have approximately S
(Do not round until the final answer. Then round to the nearest hundredth as needed.)
Transcribed Image Text:To start a new business Beth deposits $2000 at the end of each six-month period in an account that pays 7%, compounded semiannually. How much will she have at the end years? At the end of 9 years, Beth will have approximately S (Do not round until the final answer. Then round to the nearest hundredth as needed.)
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