Keeler's Fabrication sets aside $3500.00 at the beginning of every six months in a fund to replace equipment. If interest is 12% compounded monthly, how much will be in the fund after 3 years? The fund will be worth $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Keeler's Fabrication sets aside $3500.00 at the beginning of every six months in a fund to replace equipment. If interest is 12% compounded monthly, how much will be in the fund after 3 years? The fund will be worth $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 22E

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