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Find what the value at the end of the third year

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Problem 1: You expect to receive P1,000 at the end of each of the next 3 years. You will deposit these payments into an account which pays 10%, compounded semiannually. What is the future value of these payments, that is, the value at the end of the third year?

option 1: P7,986.00

option 2: P665.50

option 3: P3,993.00

option 4: P3,318.01

Reference no: EM132815398

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