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How much interest is included in the future value of an ordinary simple annuity of $1,100 paid every six months at 9% compounded semi-annually
How much interest is included in the future value of an ordinary simple annuity of $1,100 paid every six months at 9% compounded semi-annually if the term of the annuity is 7 years? The interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
