7. A company wants to invest $3,500 every six months for four years to purchase...
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7. A company wants to invest $3,500 every six months for four years to purchase a delivery truck. The investment will be compounded at an annual interest rate of 12% per annum. The initial investment will be made now, and thereafter, at the ending of every six months. What is the future value of the cash flow payments? Using the formula
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