Your bank pays 4% interest, compounded semiannually. Use Table 12-1 to find the future value (in $) of $500 deposited at the beginning of every six months, for 16 years. (Round your answer to the nearest cent.) $

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Your bank pays 4% interest, compounded semiannually. Use Table 12-1 to
find the future value (in $) of $500 deposited at the beginning of every six
months, for 16 years. (Round your answer to the nearest cent.)
$
Transcribed Image Text:Your bank pays 4% interest, compounded semiannually. Use Table 12-1 to find the future value (in $) of $500 deposited at the beginning of every six months, for 16 years. (Round your answer to the nearest cent.) $
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