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Please help me answer this question as accurately possible How much interest is included in the future value of an ordinary simple annuity of $1,150
Please help me answer this question as accurately possible
How much interest is included in the future value of an ordinary simple annuity of $1,150 paid every six months at 10% compounded semi-annually if the term of the annuity is 6.5 years? ..... The interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Step by Step Solution
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