SOLUTION: You make semiannual deposits of $487.00 into an ordinary annuity earning 4.91% compounded semiannually
How much money is in the account after 10 years? $12384.05
How much int
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Question 1206518: You make semiannual deposits of $487.00 into an ordinary annuity earning 4.91% compounded semiannually
How much money is in the account after 10 years? $12384.05
How much interest did you earn in your first year?
Answer by ikleyn(52832) (Show Source): You can put this solution on YOUR website!
.
a TWIN problem was just solved yesterday under this link
https://www.algebra.com/algebra/homework/word/finance/Money_Word_Problems.faq.question.1206511.html
Consider this solution as your TEMPLATE and solve this current problem
in the same way, using the same formulas and methodology.
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