How much is in the account on january one, Financial Accounting

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How much is in the account on january one

Problem

Deposits of $775 are made semiannually in an account earning 7.5% compounded semiannually. The first deposit is made on January 1, 2019 and the last deposit is made on July 1, 2026. If the money is then left in the account to accumulate interest, how much is in the account on January 1, 2031?

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Financial Accounting: How much is in the account on january one

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