Multiple Choice
An investor expects to receive payments of $3,000 every 6 months for the next 7 years. If the market rate of interest is 4% per year compounded semi-annually, what is the future value of these payments?
A) $22,302.84
B) $23,694.87
C) $47,921.82
D) $54,875.73
Correct Answer:
Verified
Correct Answer:
Verified
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