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    Business Mathematics Study Set 1
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    Exam 10: Annuities: Future Value and Present Value
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    Your Client Has Systematically Invested $1,000 at the End of Each
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Your Client Has Systematically Invested $1,000 at the End of Each

Question 160

Question 160

Short Answer

Your client has systematically invested $1,000 at the end of each half-year for the past 17 years. The invested funds have earned 6.4% compounded semi-annually. What is the value of your client's investments today? (Taken from CIFP course materials.)

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