An account containing pound5000 is to be the recipient of, Finance Basics

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An account containing pound5000 is to be the recipient of

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.

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Finance Basics: An account containing pound5000 is to be the recipient of

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Finance Basics: An account containing pound5000 is to be the recipient of

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