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Destiny deposits $229 at the beginning of every six months into an account that earns 4.26% compounded quarterly. Find the future value of the account
Destiny deposits $229 at the beginning of every six months into an account that earns 4.26% compounded quarterly. Find the future value of the account in 3 years and 6 months. Round all answers to two decimal places if necessary. Choose BGN or END ? PNY = 4 X C/Y = 4 od N = IXY = 4.26 O % PV = $ PMT = $ 229 oo FV = $ Savannah invested $510 at the beginning of every 6 months into an RRSP for 2 years and 6 months at 4.94% compounded monthly. Round all answers to two decimal places where necessary. a. What is the accumulated value of the RRSP after 2 years and 6 months? Choose BGN or END ? N= I/Y = PNY = C/Y = PV = $ PMT = $ FV = $ Accumulated Value = $ (enter a positive value) b. How much interest was earned over the period of 2 years and 6 months? Interest earned = $ (enter a positive value)
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