Identify the future value. Semi-annual payments og 12,500 with interest rate of 10.5% compounded semi annually for 6 years.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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  • Identify the future value.

Semi-annual payments og 12,500 with interest rate of 10.5% compounded semi annually for 6 years. 

  • Identify the present value.

Monthly payments of 2,000 for 5 years with interest rate of 12 compounded monthly. 

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