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Calculate the amount of interest tyson will earn on savings

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Tyson Heideman opened a savings account on January 1, 2041 by depositing $8,000. Tyson intends to deposit $6,000 into this account at the end of every six months for the next ten years.

Problem 1: Calculate the amount of interest Tyson will earn on his savings account over the ten-year period. Assume Tyson will earn interest of 10% compounded semi-annually.

Reference no: EM132807660

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