Question 775058
Every other month or twice a month?
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twice a month
FV=3000(1+0.06/24)^24*9
FV=3000(1.0025)^216
FV=3000(1.71485)
FV=$5144.55
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every other month
FV=3000(1+0.06/6)^6*9
FV=3000(1.01)^54
FV=3000(1.71141)
FV=$5134.23