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Alliance Industries sets aside $4900.00 at the beginning of every six months in a fund to replace equipment. If interest is 4% compounded annually, how
Alliance Industries sets aside $4900.00 at the beginning of every six months in a fund to replace equipment. If interest is 4% compounded annually, how much will be in the fund after 10 years?
The fund will be worth $___________________
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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