If Maria invests $2,700 at the end of each six-month period for six years at an annual

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If Maria invests $2,700 at the end of each six-month period for six years at an annual rate of 4%, what is the approximate future value of her ordinary annuity? Review Chapter 7 for the techniques of interannual compounding.

a. $17,909.10

b. $20,248.23

c. $31,755.54

d. $36,212.67

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Principles Of Finance

ISBN: 9798439388899

1st Edition

Authors: Julie Dahlquist, Rainford Knight

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Question Posted: Jun 23, 2022 01:25 AM

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If Maria invests $2,700 at the end of each six-month period for six years at an annual

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The correct answer is d 3621267 This can be calculated using t...View the full answer

Principles Of Finance

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