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You expect to invest $1,000 every six months for next 3 years, totaling six payments. First payment will be made six months from today. The

You expect to invest $1,000 every six months for next 3 years, totaling six payments. First payment will be made six months from today. The account will pay an interest rate 16 percent compounded annually.

What is the future value of these payments. that. How much money will you have in the account at the end of the third year?

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