nnual deposits of $3200 at the beginning of every six- month period into a fund earning 4.2% compounded semi-annually for eight years. No further deposits were made. A) the balance in the account sixteen years after the first dep

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 15E
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Claude made semi-annual deposits of $3200 at the beginning of every six- month period into a fund earning 4.2% compounded semi-annually for eight years. No further deposits were made. A) the balance in the account sixteen years after the first deposit will be $___ B) the amount deposited was $___ in total C) Claude will have earned $ __ in interest
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