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Future Value Computation You are scheduled to receive $ 5 , 0 0 0 every six months for 1 2 periods beginning in six months.
Future Value Computation
You are scheduled to receive $ every six months for periods beginning in six months. What amount in six years is equivalent to the future series of payments assuming
interest compounds at the annual rate of eight percent compounded semiannually?
Use Excel or a financial calculator for computation. Round answer to the nearest dollar.
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