Interest conversion approach and algebraic approach

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Reference no: EM131883693

Use both interest conversion approach and algebraic approach to ?nd the accumulated value 18 years after the ?rst payment is made of an annuity on which there are 8 payments of $2000 each made at two-year intervals. The nominal rate of interest convertible semiannually is 7%. Answer to the nearest dollar.

Reference no: EM131883693

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