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2. Regina Aguirre deposits $2,000 into an ordinary annuity after each 6-month period for 4 years. The account pays 6% interest compounded semiannually. Find the a) future value, and b) total interest earned.
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2. Regina Aguirre deposits $2,000 into an ordinary annuity after each 6-month period for 4 years. The account

pays 6% interest compounded semiannually. Find the a) future value, and b) total interest earned.

User Kevin Cunnane
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1 Answer

3 votes
The future is 250 & the total interest earned is 24.
User Tom Lowbridge
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