ry six months into an in 10 years and 6 mon

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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Alina deposits $129 at the end of every six months into an account that earns 2.56% compounded monthly.
Find the future value of the account in 10 years and 6 months. Round your answer to the nearest cent.
future value = S
Transcribed Image Text:Alina deposits $129 at the end of every six months into an account that earns 2.56% compounded monthly. Find the future value of the account in 10 years and 6 months. Round your answer to the nearest cent. future value = S
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