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You expect to receive $1,000 at the end of each of the next 6 years. You will deposit these payments into an account that pays

  1. You expect to receive $1,000 at the end of each of the next 6 years. You will deposit these payments into an account that pays 9 percent p.a., compounded semi-annually. What will be the future value of these payments at the end of the tenth year?

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