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Posted on Oct 12, 2024

Find the future value of the following annuity due. Then determine how much of this value is from contributions and how much is from interest.

$350 deposited at the beginning of each semiannual period for 13 years at 7.14% compounded semiannually.

The account will have a total of ____ after 13 years.

How much of this is from contributions?

How much of this is from interest?

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