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you are contributing money to an investment affount so that you can purchase a house in five years. you plan to contribute six payments of

you are contributing money to an investment affount so that you can purchase a house in five years. you plan to contribute six payments of $3000 a year. the first payment will be made today (t=0) and the final payment will be made five years from now (t=5). if you earn 11 percent compounded semi-annually in your investment account how much money will you have in your account five years from now at (t=5)
a. $26,624
b. $26,350
c. $23,739
d. $23,921
e. $14,004

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