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Roger plans to make payments of $1,875 semiannually into an ordinary annuity for eight years so he can take a year's sabbatical to study for

image text in transcribed Roger plans to make payments of $1,875 semiannually into an ordinary annuity for eight years so he can take a year's sabbatical to study for a master's degree in business The annuity oams 5.4% compunded semiannually How much will Roger have at the end of eight years? How much interest will he eam on the investment after eight years? Use a TVM Solver to answer the following questions Indicate the values used for each category, including 0 and cash flow signs For the blanks, round to 3 decimal places, but do NOT round within your TVM Solver 2 'N= 1%= PV= PMT= FV PMT O END O BGN Answer the questions Round all answers to the nearest cent in the account After eight years, Roger will have S At that time he will have earned $ in interest

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