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2. You need to calculate the future value of an annuity that has the following characteristics: _ monthly installment _ 20 years _ interest rate

2. You need to calculate the future value of an annuity that has the following characteristics: _ monthly installment _ 20 years _ interest rate (10%,2) What is the value of the effective interest rate needed to solve for the future value of this annuity? Compounded at 10% semi annually.

I got 2415.992 and it is wrong, pls show step by step.

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