Find the value of 500 paid each 6 months for 5 years at a, Finance Basics

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Find the value of 500 paid each 6 months for 5 years at a

Problem:

Find the value of $500 paid each 6 months for 5 years at a nominal (annual) rate of 14% compounded semiannually.

Summary of question:

This question basically belongs to Finance as well as it explains about calculation of semi-annual compounded nominal interest rate for an amount paid each 6 months.

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Finance Basics: Find the value of 500 paid each 6 months for 5 years at a

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Finance Basics: Find the value of 500 paid each 6 months for 5 years at a

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