Question
BC Corp deposits $5,000 into a money market account at the end of each 6 month period for the next three years. How much will
BC Corp deposits $5,000 into a money market account at the end of each 6 month period for the next three years. How much will accumulate by the end of the sixth and final payment if the account earns 8% interest compounded semiannually?
Select one:
a. $33,165.00
b. $16,232.00
c. $36,679.50
d. none of the above.
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Auditing And Assurance Services
Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau
9th Edition
1266796851, 9781266796852
