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QUESTION 7 Not complete Points out of 2.00 Flag question Question text Future Value Computation You are scheduled to receive $5,500 every six months for

QUESTION 7

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Future Value Computation You are scheduled to receive $5,500 every six months for six periods beginning in six months. What amount in three years is equivalent to the future series of payments assuming interest compounds at the annual rate of 8% compounded semiannually? Use Excel or a financial calculator for computation. Round your answer to nearest dollar.

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