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Next Page Page 4 of 6 This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial

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Next Page Page 4 of 6 This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems. Question 4 (1 point) You are going to save money for your son's education. You have decided to place $3,065 every half year at the end of the period into a saving account earning 13.84 percent per year, compounded semi-annually for the next 6 years. How much money will be in the account at the end of that time period? Round the answer to two decimal places. Your Answer: Answer Next Page Page 4 of 6

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