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Andy will receive an award of $2,000 at the end of each half year for the next 5 years at 8% p.a. compounding half yearly.

Andy will receive an award of $2,000 at the end of each half year for the next 5 years at 8% p.a. compounding half yearly. What is the future value of Andys scholarship? Select one:

a. $22,778.33

b. $22,963.22

c. $25,453.14

d. $24,012.21

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