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This set of problems is designed to be calculated using the Excel or financial calculator.

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This set of problems is designed to be calculated using the Excel or financial calculator.
Do not use financial tables to calculate these problems.

You are going to save money for your son’s education. You have decided to place $739 every half year at the end of the period into a saving account earning 4.41 percent per year, compounded semi-annually for the next 9 years. How much money will be in the account at the end of that time period?

Round the answer to two decimal places.

Your Answer:

 
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