Answered: What is the accumulated value of…

What is the accumulated value of periodic deposits of $3,000 made into an investment fund at the beginning of every six months, for 5 years, if the interest rate is 4.75% compounded semi-annually?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 26P

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Question

What is the accumulated value of periodic deposits of $3,000 made into an investment
fund at the beginning of every six months, for 5 years, if the interest rate is 4.75%
compounded semi-annually?
Round to the nearest cent
SUBMIT QUESTION

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