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For problems 1-5 assume you deposit $1,500 today in a savings account. You earn 7.5% compounded semiannually. You deposit an additional $250 each 6 months.
For problems 1-5 assume you deposit $1,500 today in a savings account. You earn 7.5% compounded semiannually. You deposit an additional $250 each 6 months. At the end of 5 years you withdraw the balance of 5,134.53. Identify each value.
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PV
PMT
FV
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