Based on the following information, determine the future value of the payments on December 31, 2015.
Amount deposited every January 1st $20,000
length of deposits 2008 - 2015
Assumed interest rate 9%
Interest computed Semi-annually
Please show work
I have used Excel formulas to solve this. I recommend that you either use Excel or a financial calculator for these problems. Thanks.
This will be ...
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