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Explain in detail without using a calculator

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You expect to receive 1,000 $ at the end of each of the next 6 years. You will deposit these payments into an account that pays 9 percent p.a., compounded semi-annually. What will be the FV of these paymenmts at the end of the 10th year?

Please explain in detail without using a calculator or Excel. I need to solve it on paper.

Reference no: EM131728390

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