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ABC Company intends to put $20,000 into its savings account at the beginning of every six months for the next five years. Assume that the

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ABC Company intends to put $20,000 into its savings account at the beginning of every six months for the next five years. Assume that the savings account earns 12% interest compounded semi-annually. Calculate the amount of interest that ABC Company will have earned at the end of the five years. To answer this question use the future value table factors given below. No credit will be awarded for this question using a means other than the table factors given below to answer this question. Factors from the future value of a lump sum table for: i = 3%: n = 5 1.159 n = 10 1.344 n = 15 1.558 n = 20 1.805 i = 4%: n = 5 1.217 n - 10 1.480 n = 15 1.801 n = 20 2.191 i = 6%: n = 5 1.338 n = 10 1.791 n = 15 2.397 n = 20 3.207 i = 12%: n = 5 1.762 n -10 3.106 n = 15 5.474 n = 20 9.646 Factors from the future value of an annuity table for: i = 3x: n = 5 5.309 n = 10 11.464 n = 15 18.599 n = 20 26.871 i = 4%: n = 5 5.416 n = 10 12.006 n = 15 19.141 n = 20 29.778 i = 6%: n= 5 5.637 n = 10 13.180 n = 15 23.276 n = 20 36.786 i = 12%: n = 5 6.353 n = 10 17.549 n = 15 3 7.280 n = 20 6 3.440

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