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Find the future value of an ordinary annuity

Find the future value of an ordinary annuity of $8000 paid semiannually for six years at 6% annual interest compounded semiannually. How much was invested? How much interest was earned?

Rate per period = 16.870

Future Value is?
Amount invested is?
Amount of interest earned is?

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Finance Basics: Find the future value of an ordinary annuity

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Find the future value of an ordinary annuity

Reference No:- TGS0670553

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : What dividend payout ratio was assumed in calculation

Q : Conflicts between divergent cultures and individualism

Q : Compute the indifference point level of ebit

Q : Discuss the arguments for and against the capitalization

Q : Find the future value of an ordinary annuity

Q : Purchase new high-tech factory machinery

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Find the future value of an ordinary annuity

Reference No:- TGS0670553

Recent Questions Asked Finance Basics

Q : What dividend payout ratio was assumed in calculation

Q : Conflicts between divergent cultures and individualism

Q : Compute the indifference point level of ebit

Q : Discuss the arguments for and against the capitalization

Q : Find the future value of an ordinary annuity

Q : Purchase new high-tech factory machinery

Q : Estimate informational content of dividend policy

Q : Net increase or decrease in cash

Q : Calculate the effect of the lifo on the income

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