How much money will it accumulate at the end of five years, Finance Basics

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How much money will it accumulate at the end of five years

Problem

Stratex Inc. invested in bonds. This investment provided the annual rate of return of 4%compounded semi-annually. (i) If Stratex invested $10,000 at the beginning of every 6-month period, how much money will it accumulate at the end of 5 years and 6 months? (ii) How much interest will it earn?

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Finance Basics: How much money will it accumulate at the end of five years

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Finance Basics: How much money will it accumulate at the end of five years

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