Question 2 options:

ABC Company intends to put $12,000 into its savings account every six months for the next eight years. Assume the savings account earns 10% interest compounded semi-annually. 

Calculate the amount that will be in the account at the end of eight years. Do not use decimals in your answer. 

Use the time value of money factors posted below to answer this question. 

Future Value of a Lump-Sum

	Rate of interest per period in percent
Periods