SOLUTION: You make semiannual deposits of $398.00 into an ordinary annuity earning 6.82% compounded semiannually. How much money is in the account after 11 years? How much inter

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Question 1206519: You make semiannual deposits of $398.00
into an ordinary annuity earning 6.82%
compounded semiannually.
How much money is in the account after 11
years?

How much interest did you earn in your first year?

Note: Your answers are a dollar amount and should include a dollar sign
Answer by ikleyn(52832) About Me  (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.