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Seven years ago Heather began depositing $1,400 at the beginning of every six months into an account. The interest rate was 1.39% compounded semi-annually. Answer

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Seven years ago Heather began depositing $1,400 at the beginning of every six months into an account. The interest rate was 1.39% compounded semi-annually. Answer the following questions, and round all answers to two decimal places where necessary. Choose BGN or END BGN 1) What is the present account balance? PAY CAY N= I/Y 196 PV = 5 PMT= $ FV = $ 2) If she stops making deposits immediately, how much will be in the account in six and a half years from now, if the interest rate remains the same (1.39% compounded semi-annually? P/Y C/Y N- 17- PV- PMT = $ FV=S

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