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You are going to save money for your sons education you

Finance: FV and PV of annuity non-annually

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You are going to save money for your son's education. You have decided to place $2,063 every half year at the end of the period into a saving account earning 8.35 percent per year, compounded semi-annually for the next 9 years. How much money will be in the account at the end of that time period?

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