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What is the accumulated value of deposits

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Reference no: EM131171712

What is the accumulated value of deposits of $1600.00 made at the end of every six months for five years if interest is 8.2% compounded quarterly?

Please use the following formula:

PMT = 1600; I/.2; P/; I = 8.2%/4 = 0.0205;

N = 5(2) = 10;

FVn = PMT(1+i)n - 1 / I]

Reference no: EM131171712

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