Calculating the interest factors, Finance Basics

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Calculating the interest factors

Question:

Adjust the annual formula for a future value of a single amount at 12 percent for 10 years to a semiannual compounding formula. What are the interest factors (FV IF) before and after? Why are they different? (LO5)

Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references. Provide step by step solutions for the above question.

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Finance Basics: Calculating the interest factors

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