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XYZ Company is going to deposit $25,000 into its savings account at the beginning of every six months for the next six years. Assume the
XYZ Company is going to deposit $25,000 into its savings account at the beginning of every six months for the next six years. Assume the savings account earns 6% interest compounded semi-annually. Calculate the amount of interest XYZ Company will earn over the six year period. Do not use decimals in your answer.
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Auditing Cases
Authors: Frank A. Buckless, Mark. S. Beasley, Steven M. Glover, Douglas F. Prawitt
1st Edition
978-0130800015
