Jill plans to deposit 200 every year in an interest bearing


Jill plans to deposit $200 every year in an interest bearing account that offers a six percent rate of return compounded semi-annually. If Jill’s first deposit is one year from today, how much should Jill expect to have in her account at the end of 16 years?

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Financial Management: Jill plans to deposit 200 every year in an interest bearing
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