What is the value of an annuity at the end of 10years if $1,000 is deposited every six months into an account earning 8% compounded semi annually? How much of this value is interest?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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ISBN:9781337514835
Author:MOYER
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Chapter5: The Time Value Of Money
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What is the value of an annuity at the end of 10years if $1,000 is deposited every six months into an account earning 8% compounded semi annually? How much of this value is interest?

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