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Given the following information about your investment: you invest $10,000 at the beginning of...

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Accounting

Given the following information about your investment:

  • you invest $10,000 at the beginning of every six months into a New Building Fund.
  • the fund will earn 10% compounded semiannually.
  • for the period of 15 years

What amount should they have after 15 years?

Multiple Choice

  • $697,608

  • $603.518

  • $734,933

  • $821,274

  • $448,139

Answer & Explanation Solved by verified expert
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