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8. What is the future value of semi-annual payments of $6,500 for eight years at 12 percent? 9. You are considering an investment which would

8. What is the future value of semi-annual payments of $6,500 for eight years at 12 percent?

9. You are considering an investment which would entail $5,000 payments each year for 20 years. The investment will pay 7 percent interest. How much will this investment be worth at the end of the 20 years?

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