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    Contemporary Business Mathematics Study Set 1
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    Exam 9: Compound Interest - Future Value and Present Value
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    Determine the Accumulated Value of $4100
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Determine the Accumulated Value of $4100

Question 18

Question 18

Essay

Determine the accumulated value of $4100.00 compounded semi-annually at 8% p.a. for seven years.

Correct Answer:

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PV = 4100.00; i = 4%...

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