A person invests $1000 each year at the beginning of the year. What is the total value

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A person invests $1000 each year at the beginning of the year. What is the total value of these investments after 20 years if they earn 3.5% annual interest, compounded semiannually?

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Basic Technical Mathematics

ISBN: 9780137529896

12th Edition

Authors: Allyn J. Washington, Richard Evans

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Question Posted: Apr 04, 2023 03:16 AM

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A person invests $1000 each year at the beginning of the year. What is the total value

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Since the interest is compounded semiannually we first need to find the interest rate per sixmonth p...View the full answer

Basic Technical Mathematics

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