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Find total value of investments if the earn annual interest

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Reference no: EM131564663

Question: Solve the given problems by use of an appropriate sequence or expansion. All numbers are accurate to at least two significant digits.

A person invests $1000 each year at the beginning of the year. What is the total value of these investments after 20 years if they earn 7.5% annual interest, compounded semiannually?

Reference no: EM131564663

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