Down Payment To start a new business, Beth deposits $1000 at the end of each 6-month period in anaccount that pays 8%, compounded semiannually.How much will she have at the end of 8 years?

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 21E
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Down Payment To start a new business, Beth deposits $1000 at the end of each 6-month period in an
account that pays 8%, compounded semiannually.
How much will she have at the end of 8 years?

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