Calculate the future value of the account one year after

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Reference no: EM13906757

An account containing £5000 is to be the recipient of an annuity with a term of 8 years, and a periodic payment of £1000. The interest rate for the period is 9% per annum compounded semi-annually.

Calculate the future value of the account one year after the last deposit has been made.

Reference no: EM13906757

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