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A) For the last six years Joe has made deposits of $300 at the end of every six months earning interest at 3% compounded semi-annually.
A) For the last six years Joe has made deposits of $300 at the end of every six months earning interest at 3% compounded semi-annually. If he leaves the accumulated balance in an account earning 7% compounded quarterly, what will the balance be in Joe's account at the end of another nine years?
B) Find the future value of the following ordinary simple annuity.
Periodic Payment | Payment Interval | Term | Interest Rate | Conversion Period |
$446.00 | 1 month | 8.75 years | 10% |
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