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Jamie deposits $237 at the beginning of every six months into an account that earns 3.66% compounded monthly. Find the accumulated value of the account
Jamie deposits $237 at the beginning of every six months into an account that earns 3.66% compounded monthly. Find the accumulated value of the account in 8 years and 6 months. Round all answers to two decimal places if necessary.
Choose BGN or END -BGN P/Y = ? C/Y = 12 N = 12 I/Y = 3.66% PV = 0 PMT = $237 FV = ?
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