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Mike OBrien plans to deposit $1,250 at the end of every six months for the next eight years at 6% interest, compounded semiannually so that
Mike OBrien plans to deposit $1,250 at the end of every six months for the next eight years at 6% interest, compounded semiannually so that he can Tour the World!! How much money will Mikes annuity be worth at the end of eight years so that he can buy his tickets?
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