Question: A company deposits $1000 in a bank at the beginning of each year for 6 years. The account earns 8% interest, compounded every 6 months.

A company deposits $1000 in a bank at the beginning of each year for 6 years. The account earns 8% interest, compounded every 6 months. What is the future worth of the account at the end of 6 years? Make a careful, accurate computation.

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