Your bank pays 8% interest, compounded semiannually. Use Table 12-1 to find the future value (in $) of $700 deposited at the beginning of every six months, for 16 years. Round your answer to the nearest cent.)

Your bank pays 8% interest, compounded semiannually. Use Table 12-1 to find the future value (in $) of $700 deposited at the beginning of every six months, for 16 years. Round your answer to the nearest cent.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 24P

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Your bank pays 8% interest, compounded semiannually. Use Table 12-1 to find the future value (in $) of $700 deposited at the beginning of every six months, for 16 years. Round your answer to the nearest cent.)

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