Jackson amp parnell receive 8873 every six months from a, Financial Management

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Jackson amp parnell receive 8873 every six months from a

Jackson & Parnell receive $8873 every six months from a grant. The amount they receive decreases each period by $157. Jackson & Parnell deposit the money into an account paying 5% per year, compounded biannually. How much will they have in the account after 14 years?

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