2. Calculate the future value of an ordinary annuity with payments of $600 every six months...
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2. Calculate the future value of an ordinary annuity with payments of $600 every six months for 16 years. The rate of return will be 3.5% compounded semiannually for the first 5.5 years and 5% compounded semiannually for the subsequent 10.5 years. 2. Calculate the future value of an ordinary annuity with payments of $600 every six months for 16 years. The rate of return will be 3.5% compounded semiannually for the first 5.5 years and 5% compounded semiannually for the subsequent 10.5 years.
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