A person deposits 2485 at the beginning of each semiannual

Reference no: EM13604208

A person deposits $2485 at the beginning of each semiannual period for 9 years into an account paying 5% compounded semiannually. Then, he leaves that money alone, with no further deposits, for an additional 5 years. Find the final amount in this account after 14 years.

Reference no: EM13604208

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