Barry Michael plans to deposit $2,000 at the end of every six months for the next five

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Barry Michael plans to deposit $2,000 at the end of every six months for the next five years to save up for a boat. If the interest rate is 6% annually, compounded semiannually, how much money will Barry have in his boat fund after five years?

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:54 AM

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Barry Michael plans to deposit $2,000 at the end of every six months for the next five

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Number of annuity periods 5 years ...View the full answer

Business Math

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